164.7011 Definitions for KRS 164.7011 to 164.7021.
387 words·~2 min read·
/ky/chapter-164/164-7011A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As used in KRS 164.7011 to 164.7021:
(1)"Advisory committee" means the Kentucky Aerospace, Aviation, and Defense
Investment Fund Advisory Committee established in KRS 164.7013;
(2)"Aviation" means the operation, maintenance, or manufacturing of aircraft or other
aerospace equipment, aerospace initiatives and efforts, and defense-related products
related to aerospace and aviation;
(3)"Aviation industry partner" means a grantor to the fund that the council determines
customarily employs individuals with an eligible aviation or aerospace credential in
a relevant aviation role in the usual course of the grantor's business;
(4)"Aviation program":
(a)Means an education or training program located in Kentucky that issues
eligible aviation or aerospace credentials or is a specific requirement to
earning an eligible aviation or aerospace credential, including but not limited
to a public high school vocational program; and
(b)Notwithstanding paragraph
(a)of this subsection, does not include a flight
training program unless that program is a certified pilot school regulated by
the Federal Aviation Administration in accordance with 14 C.F.R. pt. 141 or
is a public high school vocational program;
(5)"Council" means the Council on Postsecondary Education;
(6)"Dedicated moneys" means a gift, grant, or donation to the fund that is subject to
restrictions imposed by a private grantor under KRS 164.7015;
(7)"Eligible aviation credential" means:
(a)Any license or certification issued by the Federal Aviation Administration;
(b)A Bachelor of Science in aviation issued by a postsecondary education
institution overseen or licensed by the council and located in Kentucky;
(c)Any engineering degree issued by a postsecondary education institution
overseen or licensed by the council and located in Kentucky; or
(d)A career and technical education license or certification determined by the
council, in collaboration with the advisory committee, to be in high demand
and relevant to the aerospace industry;
(8)"Fund" means the Kentucky aerospace, aviation, and defense investment fund
established in KRS 164.7013;
(9)"Grantor" means an individual or an entity that gifts, grants, or donates moneys to
the fund;
(10)"Immediate family" means an individual's parents, siblings, spouse, and children;
(11)"Kentucky resident" means a Kentucky resident as defined by the council pursuant
to KRS 164.020(8); and
(12)"Public aviation program" is an aviation program that is a public high school
vocational program or institution that is a member of Kentucky's public
postsecondary education system.