164.7019 Annual report.
492 words·~2 min read·
/ky/chapter-164/164-7019A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)By December 1 of each year, the council shall collaborate with the advisory
committee to submit a written report to the Legislative Research Commission for
referral to the Interim Joint Committee on Education, the Interim Joint Committee
on Transportation, and the Interim Joint Committee on Appropriations and Revenue
Budget Review Subcommittee on Education. The report shall include:
(a)A detailed summary of the council's costs throughout the year;
(b)Legislative recommendations to help grow and strengthen the education and
training pipeline of aviation professions within Kentucky;
(c)A detailed overview of the Kentucky aerospace, aviation, and defense
investment fund, including an accounting of all moneys raised and expended;
(d)A detailed analysis of aviation training scholarships awarded pursuant to KRS
164.7015, including but not limited to:
1. The criteria used to award the scholarships;
2. The number of scholarships awarded and the amount of each
scholarship;
3. An overview of the demographic information of scholarship recipients,
including the county of residence;
4. The names of the aviation programs with scholarship recipients and the
type of eligible aviation credential corresponding to each program; and
5. To the extent available, student and program outcomes, including but
not limited to:
a. Graduation rates of the aviation program overall and of
scholarship recipients as compared to an established baseline
within any such program;
b. Employment and employment retention rates of the aviation
program overall and scholarship recipients; and
c. The workforce participation of program graduates practicing in
Kentucky under an eligible aviation credential in relation to the
workforce demand and capacity for that specific eligible aviation
credential; and
(e)A detailed analysis of aviation equipment partnership contracts awarded
pursuant to KRS 164.7017, including but not limited to the following for each
aviation equipment partnership contract:
1. The amount of the aviation equipment grant;
2. The public aviation program that is a party to the partnership contract
and the eligible aviation credential corresponding to that program;
3. The aviation industry partner or partners that are a party to the
partnership contract and the amount contributed by each aviation
industry partner to the fund;
4. A detailed summary of the aviation or aviation equipment maintained,
acquired, or leased by the public aviation program with moneys from the
aviation equipment grant;
5. Financial documentation of all transactions utilizing moneys from the
aviation equipment grant; and
6. A detailed summary of how the aviation equipment grant will impact the
opportunities and outcomes for students enrolled in public aviation
program.
(2)If the report required by subsection
(1)of this section is not filed by December 14
of each year, or a later date jointly approved by the Interim Joint Committee on
Education and the Interim Joint Committee on Transportation, any appropriations to
the fund shall be forfeited and any remaining moneys in the fund appropriated by
the General Assembly shall lapse to the general fund. The council shall return any
remaining private moneys to its grantor, prorated as necessary.