KY SB1 | 2024 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Passed on April 4 2024 - 100% progression
Action: 2024-04-04 - signed by Governor
Text: Latest bill text (Engrossed) [PDF]

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.

Tracking Information

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Title

AN ACT relating to the endowed research fund and making an appropriation therefor.

Sponsors


Roll Calls

2024-03-27 - House - House: Third Reading RCS# 393 (Y: 86 N: 0 NV: 0 Abs: 14) [PASS]
2024-02-28 - Senate - Senate: Third Reading RSN# 2942 (Y: 36 N: 0 NV: 1 Abs: 1) [PASS]

History

DateChamberAction
2024-04-04Senatesigned by Governor
2024-03-27Senatedelivered to Governor
2024-03-27Senateenrolled, signed by Speaker of the House
2024-03-27Senateenrolled, signed by President of the Senate
2024-03-27Senatereceived in Senate
2024-03-27House3rd reading, passed 86-0
2024-03-25Houseposted for passage in the Regular Orders of the Day for Tuesday, March 26, 2024
2024-03-25Housereported favorably, to Rules with Committee Substitute (1)
2024-03-13Housereturned to Appropriations & Revenue (H)
2024-03-13House2nd reading
2024-03-13Housetaken from Appropriations & Revenue (H)
2024-03-12Housereturned to Appropriations & Revenue (H)
2024-03-12House1st reading
2024-03-12Housetaken from Appropriations & Revenue (H)
2024-03-06Houseto Appropriations & Revenue (H)
2024-02-29Houseto Committee on Committees (H)
2024-02-29Housereceived in House
2024-02-28Senate3rd reading, passed 36-0-1
2024-02-26Senateposted for passage in the Regular Orders of the Day for Wednesday, February 28, 2024
2024-02-23Senate2nd reading, to Rules
2024-02-22Senatereported favorably, 1st reading, to Calendar
2024-02-12Senateto Education (S)
2024-02-08Senateto Committee on Committees (S)
2024-02-08Senateintroduced in Senate

Subjects


Kentucky State Sources


Bill Comments

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