164.7015 Aviation training scholarship program.
636 words·~3 min read·
/ky/chapter-164/164-7015A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The council shall reserve at least sixty-five percent (65%) of all net moneys in the
fund for partnership proposals between aviation programs and aviation industry
partners to provide aviation training scholarships to Kentucky residents enrolled in
aviation programs.
(2)In accepting partnerships, the council shall collaborate with the advisory committee
to evaluate each partnership proposal to determine if the proposal meets the
requirements of this section and administrative regulations promulgated by the
council. The administrative regulations shall create a process to prioritize accepting
partnerships to proposals targeted to reduce the workforce demand of a specific
eligible aviation credential that is determined by the council, in collaboration with
the advisory committee, to be among the highest in demand in the Commonwealth
based on objective criteria.
(3)A partnership shall require a written partnership contract between an aviation
program, aviation industry partner, and the council. The partnership contract shall:
(a)Prohibit any disbursement of moneys from the fund until the moneys
appropriated by the General Assembly to be distributed are matched, at least
dollar for dollar, with moneys deposited to the fund by the aviation industry
partner;
(b)Require the aviation program to use all moneys distributed to the aviation
program pursuant to the partnership contract to issue direct aviation training
scholarships to Kentucky students enrolled in the aviation program;
(c)If applicable to an aviation program, require that the aviation training
scholarship application process encourage applicants to complete the Free
Application for Federal Student Aid; and
(d)Meet all other requirements set forth in this section and administrative
regulations, including but not limited to any reporting requirements to the
council.
(4)Disbursements of moneys from the fund to support aviation training scholarships
shall be made directly to an aviation program pursuant to the terms of the
partnership contract.
(5)An aviation program that enters a partnership contract shall solicit, accept, and
review aviation training scholarship applications submitted by students enrolled in
the aviation program. A partnership contract may require that an aviation program
do so in collaboration with the aviation industry partner. The aviation program shall
award aviation training scholarships pursuant to any scholarship criteria set forth in
the partnership contract, this section, and administrative regulations. The decisions
of the aviation program in the issuance of scholarships shall be final.
(6)An aviation training scholarship issued by an aviation program pursuant to a
partnership contract shall be made directly to a recipient pursuant to a written
scholarship contract between the recipient and the aviation program. The
scholarship contract shall not restrict the recipient's ability to utilize the scholarship
for the total cost of attendance. Each recipient of a scholarship shall:
(a)Agree in the written contract to be employed within Kentucky's aviation
industry for a contract period of one
(1)year for each academic year funded
by the scholarship, up to a maximum of two
(2)total years; and
(b)Sign a promissory note as evidence of the scholarship and the obligation to
repay the scholarship amount upon failure to complete terms of the contract.
(7)A grantor may place restrictions upon a contribution to the fund requiring specific
criteria for an aviation training scholarship or scholarships funded by the grantor's
dedicated moneys, including but not limited to criteria restricting employment at the
aviation industry partner for the contract period.
(8)The aviation training scholarship contract shall grant the aviation program, the
Commonwealth, or the aviation industry partner the authority to initiate recoupment
proceedings for the recovery of the total amount of all aviation training scholarships
awarded to an individual that fails to complete the terms of a contract entered into
in accordance with subsection
(6)of this section, together with reasonable attorney
fees and interest at a compound rate not to exceed eight percent (8%) per annum
from the date of disbursement from the fund.