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164.7921 Technology initiative trust fund.
(1)
(2)
(a)
The technology initiative trust fund created by KRS 164.7911 is intended
to support investments in electronic technology for postsecondary
education throughout the Commonwealth to improve student learning.
(b) The Council on Postsecondary Education may establish separate
subsidiary programs and related accounts to provide financial assistance
to the postsecondary education system in acquiring the infrastructure
necessary to acquire and develop electronic technology capacity; to
encourage shared program delivery among libraries, institutions, systems,
agencies, and programs; to provide funding for the Commonwealth Virtual
University under KRS 164.800; and other programs consistent with the
purposes of postsecondary education, the adopted strategic agenda, and
the biennial budget process.
The council shall develop the criteria and process for submission of an
application under this section. Any university and the Kentucky Community and
Technical College System may apply to the council for financial assistance
from the technology initiative trust fund. The council shall determine the
matching funds or internal reallocation requirements for the applicants to
qualify for funding. Financial assistance that may be awarded by the council
shall be consistent with the adopted strategic agenda, the biennial budget
process, and the availability of any resources to the technology initiative trust
fund.
Effective:May 30, 1997
History: Created 1997 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 12, effective May 30,
1997.
2012-2014 Budget Reference. See State/Executive Branch Budget, 2012 Ky. Acts
ch. 144, Pt. I, K, 1, (2) at 1134.
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