164.790 Veterinary Contract Spaces Program -- Administration -- Administrative
472 words·~2 min read·
/ky/164-790A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
regulations -- Purchase of annual enrollment spaces -- Tuition credits --
Veterinary Contract Spaces Program trust fund.
(1)For purposes of this section:
(a)"Authority" means the Kentucky Higher Education Assistance Authority;
(b)"Full enrollment space amount" means the difference between the out-of-state
and in-state tuition amount at a public participating veterinary school or an
equivalent amount determined by the authority for a nonpublic participating
veterinary school;
(c)"Kentucky student" means a Kentucky resident as determined by the authority
using the criteria established by the Council on Postsecondary Education for
the purposes of postsecondary admission and tuition assessment;
(d)"Participating veterinary school" means a college of veterinary medicine
approved by the authority for participation in the program; and
(e)"Program" means the Veterinary Contract Spaces Program.
(2)The General Assembly establishes the Veterinary Contract Spaces Program to
provide financial assistance and access to Kentucky students seeking a veterinary
education and to help ensure the availability of a sufficient veterinary workforce in
the Commonwealth.
(3)The authority shall administer the program and shall promulgate administrative
regulations in accordance with KRS Chapter 13A as may be needed for the
administration of the program.
(4)Subject to the availability of funds, the authority shall contract to purchase at least
one hundred sixty-four
(164)enrollment spaces annually for Kentucky students at
one
(1)or more participating veterinary schools. To the extent possible, the contract
shall be for the full enrollment space amount.
(5)Kentucky students enrolled in a participating veterinary school and selected by the
school for participation in the program shall receive a tuition credit from the school
in the amount required to purchase his or her enrollment space each semester, not to
exceed eight
(8)semesters.
(6)To the extent possible, the authority shall secure enrollment spaces so that Kentucky
students participating in the program may continue applying tuition credits at the
same participating veterinary school for up to eight
(8)semesters.
(a)The Veterinary Contract Spaces Program trust fund is hereby created as a trust
fund in the State Treasury to be administered by the authority for the purpose
of purchasing enrollment spaces for Kentucky students in participating
veterinary schools as described in this section.
(b)The trust fund shall consist of state general fund appropriations, gifts and
grants from public and private sources, and federal funds. All moneys
included in the fund shall be appropriated for the purposes set forth in this
section.
(c)Any unalloted or unencumbered balances in the trust fund shall be invested as
provided in KRS 42.500(9). Income earned from the investments shall be
credited to the trust fund.
(d)Notwithstanding KRS 45.229, any fund balance at the close of the fiscal year
shall not lapse but shall be carried forward to the next fiscal year and
continuously appropriated only for the purposes specified in this section.