2013 Kentucky Revised Statutes CHAPTER 147A - PROGRAM DEVELOPMENT 147A.320 Capacity building grant program -- Challenge grant program -- Administrative regulations -- Annual report.
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147A.320 Capacity building grant program -- Challenge grant program -Administrative regulations -- Annual report.
(1)
(2)
The Department for Local Government may:
(a) Establish a capacity building grant program, through which it may provide
qualified community foundations, county-specific component funds, and
affiliate community foundations with grants from the fund for the purpose
of developing and enhancing the receiving foundation's capacity to
operate and execute its mission, subject to the following restrictions:
1.
No qualified community foundation, county-specific component fund,
or affiliate community foundation may receive more than one (1)
capacity building grant during any fiscal year;
2.
No single capacity building grant shall exceed fifty thousand dollars
($50,000); and
3.
At least forty percent (40%) of funds awarded as capacity building
grants shall be provided to newly established or emerging qualified
community foundations, county-specific component funds, or affiliate
community foundations that specifically seek to address the needs
of rural areas of the Commonwealth;
(b) Establish a challenge grant program, through which it may provide
qualified community foundations, county-specific component funds, and
affiliate community foundations with grants from the fund for the purpose
of building community-based unrestricted endowment funds by
encouraging individuals, businesses, and other organizations to provide
endowment gifts, subject to the following restrictions:
1.
No qualified community foundation, county-specific component fund,
or affiliate community foundation may receive more than one (1)
challenge grant during any fiscal year;
2.
Challenge grants may be provided in amounts not to exceed fifty
percent (50%) of the amount of privately donated endowment gifts
provided to the receiving qualified community foundation,
county-specific component fund, or affiliate community foundation
during the one (1) year period preceding the grant award. However,
no single challenge grant shall exceed five hundred thousand dollars
($500,000); and
3.
At least forty percent (40%) of funds awarded as challenge grants
shall be provided to newly established or emerging qualified
community foundations, county-specific component funds, or affiliate
community foundations that specifically seek to address the needs
of rural areas of the Commonwealth; and
(c) Promulgate administrative regulations in accordance with KRS Chapter
13A to administer this section.
Upon the establishment of any grant program under this section, the
Department for Local Government shall provide an annual report to the
commission, which shall include:
(a) The total number of grant requests submitted during the year, along with
the amount of funds requested and the identity of the foundation making
(b)
the request; and
Information regarding all grants actually awarded during the year.
Effective:July 15, 2010
History: Created 2010 Ky. Acts ch. 71, sec. 5, effective July 15, 2010.
Legislative Research Commission Note (7/15/2010). References to the
"Governor's Office for Local Development" in subsections (1) and (2) of this
section, as created by 2010 Ky. Acts ch. 71, sec. 5, have been changed in
codification to the "Department for Local Government" to reflect the renaming of
that agency in Executive Order 2009-540, which was confirmed by the General
Assembly in 2010 Ky. Acts ch. 117. These changes were made by the Reviser
of Statutes pursuant to 2010 Ky. Acts ch. 117, sec. 90.
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