164.0402 Legislative intent -- Kentucky healthcare workforce investment fund --
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/ky/164-0402A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Administrative regulations.
(1)It is the intent of the General Assembly to address Kentucky's persistent shortage of
a broad spectrum of certified and licensed healthcare professionals, including
nurses, mental health professionals, and emergency medical services professionals,
by incentivizing collaboration between healthcare programs, healthcare industry
partners, and the Commonwealth to grow and strengthen the education and training
pipeline of healthcare professionals within Kentucky to better serve patients across
the Commonwealth by:
(a)Improving the ability of a broad variety of Kentucky's healthcare programs to
meet the workforce demands and capacity of the Commonwealth, including
the workforce demands of historically underserved counties;
(b)Raising awareness of and interest in a broad variety of healthcare occupations
and reducing the barriers of access to the healthcare programs necessary to
pursue these occupations, including financial barriers;
(c)Increasing knowledge and awareness of opportunities in high-need areas of
healthcare, including but not limited to geriatrics and neurology;
(d)Improving pathways between high school career and technical programs and
other healthcare programs; and
(e)Developing strategies for healthcare organizations to support career growth
and development for their employees.
(2)There is hereby created the Kentucky healthcare workforce investment fund to be
administered by the council for the purpose of funding:
(a)Public and private partnerships to provide healthcare training scholarships in
accordance with KRS 164.0403 to reduce the financial barriers of Kentucky
residents seeking high-demand eligible healthcare credentials;
(b)Healthcare program incentives in accordance with KRS 164.0404 to reward
performance and excellence among the Commonwealth's healthcare
programs; and
(c)The council's administrative, research, consulting, fundraising, planning, and
analysis costs of KRS 164.0401 to 164.0407.
(a)It is the intent of the General Assembly to encourage private financial and
philanthropic support of the Kentucky healthcare workforce investment fund,
as the healthcare industry directly benefits from a well-trained workforce
capable of meeting its employment needs and the needs of patients. To the
extent allowed by applicable laws, the fund may directly accept gifts, grants,
or donations subject to restrictions imposed by a grantor.
(b)Notwithstanding KRS 45.229, any moneys appropriated to the fund by the
General Assembly remaining in the fund at the end of any fiscal year prior to
the 2029-2030 fiscal year shall not lapse.
(c)Any moneys appropriated to the fund by the General Assembly remaining in
the fund at the end of the 2029-2030 fiscal year shall be forfeited and shall
lapse to the general fund.
(d)Any moneys contributed by grantors remaining in the fund at the end of the
2029-2030 fiscal year shall be returned to each grantor proportionally based
on the amount donated by the grantor in relation to the total amount donated
by all grantors.
(4)Subject to available funds, the Kentucky healthcare workforce investment fund
shall consist of any:
(a)Appropriations designated for the fund;
(b)Funds, grants, and receipts from the council's fundraising activities on behalf
of the fund; and
(c)Other moneys made available for the purposes of the fund.
(5)Any interest earnings of the fund shall become a part of the fund and shall lapse
only as provided in subsection
(3)of this section, except that interest on moneys
contributed by a grantor shall not lapse. Moneys in the fund are hereby appropriated
for the purposes set forth in this section.
(6)The portion of the fund expended towards the council's costs of administering KRS
164.0401 to 164.0407 shall not exceed four percent (4%) of all gross moneys in the
fund or one million five hundred thousand dollars ($1,500,000) annually, whichever
is less.
(a)The council shall promulgate administrative regulations by July 1, 2023, in
accordance with this subsection and KRS Chapter 13A to administer KRS
164.0401 to 164.0407.
(b)At least thirty
(30)days before filing an administrative regulation with the
regulations compiler, the council shall first submit the draft administrative
regulation, a detailed implementation plan, and other documents required to
be filed by KRS Chapter 13A to the members of the Interim Joint Committee
on Education and the Interim Joint Committee on Health Services for review
and comment.
(c)The council shall consider any comments and recommendations provided by
the members of the Interim Joint Committee on Education and the Interim
Joint Committee on Health Services before filing the administrative
regulation.