As used in KRS 154.20-400 to 154.20-420:
(1) "Alternative fuels" means:
(a) Alternative transportation fuels as defined in KRS 152.715;
(b) Synthetic natural gas as defined in KRS 152.715;
(c) Biodiesel produced from biomass resources as defined in KRS 152.715 that is used for purposes other than transportation fuel;
(d) Ethanol as defined in KRS 141.422;
(e) Cellulosic ethanol as defined in KRS 141.422; and (f) Any other fuel that is produced from a renewable or sustainable source;
(2) "Eligible company" means any corporation, limited liability company, partnership, limited partnership, sole proprietorship, business trust, person, group, city, county, charter county, consolidated local government, urban-county government, or unified local government entity, or other entity engaged in research and development and commercialization related to, or the production of, alternative fuels or renewable energy;
(3) "Kentucky-based" means a business with its principal place of business in Kentucky or at least fifty-one percent (51%) of its property and payroll located in Kentucky;
(4) "Qualified company" means an eligible company that may be granted funding pending final approval;
(5) "Renewable energy" means electricity produced by hydropower, solar power, landfill methane gas, wind power, geothermal, biomass, or other renewable sources; and (6) "Science and technology organization" means an independent, nonprofit quasi- governmental organization with a statewide mission and demonstrated history of managing complicated programs in the areas of entrepreneurial innovation, research and development, and science and technology advancement.