SB 1 KY Became Law
AN ACT relating to the endowed research fund and making an appropriation therefor.
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Summary
Create a new section of KRS Chapter 164 to establish the endowed research fund to be administered by the Council on Postsecondary Education (CPE) for the purposes of funding research consortiums between two or more public universities; provide that the endowed research fund shall consist of appropriations, federal funds, and other proceeds made available to the fund; provide that the funds shall not lapse; provide that there shall be five consortium accounts within the endowed research fund that shall each be assigned to a unique research consortium selected by CPE; provide that CPE shall solicit, accept, and review applications from research consortiums between two or more public universities to determine five research consortiums eligible to review seed funding for a term of five years; create a review process to determine future eligibility for funding through the endowed research fund; direct CPE to fill vacancies when a research consortium is no longer eligible to receive funding through the endowed research fund; direct CPE to promulgate administrative regulations to administer this section; direct CPE to select the Kentucky Spinal Cord and Head Injury Research Trust as one of the initial five research consortiums by February 1, 2025; APPROPRIATION.
Sponsors (2)
- R. Stivers Republican · primary
- S. Funke Frommeyer Republican · primary
Action history (24)
- Feb 8, 2024 introduced in Senate · upper
- Feb 8, 2024 to Committee on Committees (S) · upper
- Feb 12, 2024 to Education (S) · upper
- Feb 22, 2024 reported favorably, 1st reading, to Calendar · upper
- Feb 23, 2024 2nd reading, to Rules · upper
- Feb 26, 2024 posted for passage in the Regular Orders of the Day for Wednesday, February 28, 2024 · upper
- Feb 28, 2024 3rd reading, passed 36-0-1 · upper
- Feb 29, 2024 received in House · lower
- Feb 29, 2024 to Committee on Committees (H) · lower
- Mar 6, 2024 to Appropriations & Revenue (H) · lower
- Mar 12, 2024 taken from Appropriations & Revenue (H) · lower
- Mar 12, 2024 1st reading · upper
- Mar 12, 2024 returned to Appropriations & Revenue (H) · lower
- Mar 13, 2024 taken from Appropriations & Revenue (H) · lower
- Mar 13, 2024 2nd reading · upper
- Mar 13, 2024 returned to Appropriations & Revenue (H) · lower
- Mar 25, 2024 reported favorably, to Rules with Committee Substitute (1) · upper
- Mar 25, 2024 posted for passage in the Regular Orders of the Day for Tuesday, March 26, 2024 · upper
- Mar 27, 2024 3rd reading, passed 86-0 · upper
- Mar 27, 2024 received in Senate · upper
- Mar 27, 2024 enrolled, signed by President of the Senate · upper
- Mar 27, 2024 enrolled, signed by Speaker of the House · lower
- Mar 27, 2024 delivered to Governor · upper
- Apr 4, 2024 signed by Governor (Acts Ch.41) · upper
Text versions (3)
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