There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 164 STATE UNIVERSITIES AND COLLEGES -- REGIONAL EDUCATION -- ARCHAEOLOGY
164.7911 Strategic Investment and Incentive Funding Program -- Trust funds -- Interest -- Appropriations.
Download pdfconsist of a system of strategic financial assistance awards to institutions, systems,
agencies, and programs of postsecondary education to advance the goals of
postsecondary education as stated in KRS 164.003(2). There are established in the
State Treasury the following individual strategic investment and incentive trust
funds:
(a) A research challenge trust fund;
(b) A comprehensive university excellence trust fund;
(c) A technology initiative trust fund;
(d) A physical facilities trust fund;
(e) A postsecondary workforce development trust fund; and
(f) A student financial aid and advancement trust fund. (2) The funding program and the individual trust funds are created to provide financial assistance to the institutions, systems, agencies, and programs of postsecondary
education each fiscal biennium. It is the intent of the General Assembly to make
appropriations, including general fund appropriations, each fiscal biennium to each
of the individual trust funds in the funding program in a form and manner consistent
with the strategic agenda adopted by the Council on Postsecondary Education.
Appropriations made to individual trust funds in the Strategic Investment and
Incentive Funding Program shall not lapse at the end of a fiscal year but shall be
carried forward in the respective trust fund accounts and shall be available for
allotment for their respective purposes in the next fiscal year. Effective: July 15, 2008
History: Amended 2008 Ky. Acts ch. 113, sec. 12, effective July 15, 2008. -- Created 1997 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 7, effective May 30, 1997.
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