HB 532 (BR 1857) - K. Hall, H. Collins, S. Rudy
AN ACT relating to school facilities and making an appropriation therefor.
Create a new section of KRS Chapter 157 to create the emergency and targeted investment fund to be administered by the School Facilities Construction Commission; allot appropriations unexpended by the commission to the fund, unless the fund balance is $10,000,000; direct the commission to use the fund to provide assistance to school districts for new facilities or renovations in emergency situations or when facilities are uninhabitable; provide that school districts shall reimburse the fund for any assistance if funds are subsequently received as a result of insurance proceeds or litigation; require the commission to promulgate administrative regulations regarding the application process; require an annual report on the fund's activities to the Legislative Research Commission; amend KRS 157.611 to conform; APPROPRIATION.
Mar 4-introduced in House
Mar 5-to Education (H)