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Senate Bill 1

Actions | Amendments
Last Action 04/04/24: signed by Governor (Acts Ch.41)
Title AN ACT relating to the endowed research fund and making an appropriation therefor.
Bill Documents Acts Chapter 41
Current/Final
Introduced
Fiscal Impact Statement Fiscal Note
Bill Request Number 1663
Sponsors R. Stivers, S. Funke Frommeyer
Summary of Enacted Version Creates 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; provides that the fund shall consist of appropriations, federal funds, and other proceeds made available to the fund; provides that the funds shall not lapse; provides that there shall be five consortium accounts within the fund that shall each be assigned to a unique research consortium selected by CPE; provides that CPE shall solicit, accept, and review applications from research consortiums between two or more public universities to determine five research consortiums eligible to receive seed funding for a term of five years; creates a review process to determine eligibility for funding through the fund; directs CPE to fill vacancies when a research consortium is no longer eligible to receive funding through the fund; directs CPE to promulgate administrative regulations to administer this section; and directs 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.
Legislative History
Summary of Original Version 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.
Index Headings of Original Version Education, Higher - Research consortiums between public universities, funding, endowed research fund
State Agencies - Council on Postsecondary Education, endowed research fund, responsibility to administer program
Universities and Colleges - Research consortiums between public universities, funding, endowed research fund
Administrative Regulations and Proceedings - Council on Postsecondary Education, endowed research fund, administration
Appropriations - Endowed research fund
Jump to Proposed Amendments House Committee Substitute 1
Votes Vote History

Actions

Top | Amendments
02/08/24
  • introduced in Senate
  • to Committee on Committees (S)
02/12/24
  • to Education (S)
02/22/24
  • reported favorably, 1st reading, to Calendar
02/23/24
  • 2nd reading, to Rules
02/26/24
  • posted for passage in the Regular Orders of the Day for Wednesday, February 28, 2024
02/28/24
  • 3rd reading, passed 36-0-1
02/29/24
  • received in House
  • to Committee on Committees (H)
03/06/24
  • to Appropriations & Revenue (H)
03/12/24
  • taken from Appropriations & Revenue (H)
  • 1st reading
  • returned to Appropriations & Revenue (H)
03/13/24
  • taken from Appropriations & Revenue (H)
  • 2nd reading
  • returned to Appropriations & Revenue (H)
03/25/24
  • reported favorably, to Rules with Committee Substitute (1)
  • posted for passage in the Regular Orders of the Day for Tuesday, March 26, 2024
03/27/24
  • 3rd reading, passed 86-0
  • received in Senate
  • enrolled, signed by President of the Senate
  • enrolled, signed by Speaker of the House
  • delivered to Governor
04/04/24
  • signed by Governor (Acts Ch.41)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Summary Retain all provisions, except permit a single public university to apply for research project funding through the endowed research fund instead of requiring a research consortium between two or more public universities.
Index Headings Education, Higher - Public university research projects, funding, endowed research fund
Universities and Colleges - Public university research projects, funding, endowed research fund

Last updated: 9/26/2024 1:37 PM (EDT)