43.200 Auditor's scholarships in accounting.
(1)
(2)
(3)
(4)
(5)
(6)
There is hereby created in the Auditor of Public Accounts office a scholarship
program for economically disadvantaged students planning to major in accounting
at Kentucky institutions of higher education agreeing to provide matching funds.
Up to four (4) students each year shall be selected by the Auditor as eligible to
receive a scholarship for up to four (4) years while pursuing an accounting degree.
Each individual scholarship shall be subject to review annually.
The annual scholarship amount shall be set by the Auditor in an amount required to
cover the average cost of room, board, tuition, and fees at Kentucky public
institutions, as well as living expenses. In addition, the scholarship shall include
full-time summer employment with the Auditor's office.
Upon receiving their accounting degree, recipients of the scholarship shall be
required to work one (1) year for the Auditor's office for each year they received the
scholarship.
Recipients failing to complete an accounting program or failing to fulfill the service
requirement shall become liable to the Auditor's office for the sum of all scholarship
funds received plus interest for the entire period. The rate of interest shall be
determined when the scholarship is awarded. The debt may be deferred for cause by
the Auditor and a schedule for repayment may be established.
The Auditor's office shall execute appropriate contracts and promissory notes with
scholarship recipients.
Effective: July 15, 1988
History: Created 1988 Ky. Acts ch. 358, sec. 1, effective July 15, 1988.
2010-2012 Budget Reference. See State/Executive Branch Budget, 2010 (1st Extra.
Sess.) StateKy. Acts ch. 1, Pt. I, A, 23, (1) at 10.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
