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Code · Kentucky · Chapter 164 — State universities and colleges -- regional education -- archaeology

164.7919 Comprehensive university excellence trust fund.

242 words·~1 min read·/ky/chapter-164/164-7919

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(a)The comprehensive university excellence trust fund created by KRS 164.7911
shall consist of six
(6)separate accounts: one
(1)for Eastern Kentucky
University; one
(1)for Kentucky State University; one
(1)for Morehead State
University; one
(1)for Murray State University; one
(1)for Northern
Kentucky University; and one
(1)for Western Kentucky University.
(b)Funds appropriated to the comprehensive university excellence trust fund or
any subsidiary fund created by the Council on Postsecondary Education shall
be apportioned to each of the comprehensive universities proportional to their
respective share of total general fund appropriations in each fiscal year,
excluding debt service appropriations and specialized, noninstructional
appropriations.
(c)The purpose of the comprehensive university excellence trust fund is to
provide financial assistance to encourage comprehensive universities to
develop at least one
(1)nationally recognized program of distinction or at
least one
(1)nationally recognized applied research program consistent with
the goals established in KRS 164.003(2).
(2)The council shall develop the criteria and process for submission of an application
under this section. Each university may apply to the council for financial assistance
from the comprehensive university excellence trust fund. The council shall
determine the matching funds or internal reallocation requirements from the
applicants to qualify for funding. Financial assistance that may be awarded by the
council shall be consistent with the adopted strategic agenda, the biennial budget
process, and the availability of any resources to the comprehensive university
excellence trust fund.
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