314.027 Funding for scholarships -- Contract for scholarship
KentuckyStatutes
Ask Donna
How this section applies to your facts.
KY Code › Title XXVI › Chapter 314 › Section 314.027
Text
314.027 Funding for scholarships -- Contract for scholarship.
(1) Funding for the Kentucky nursing incentive scholarship fund shall be supplied
partly by funds received from penalties and fines, to include, but not be limited to,
certificate of need penalties assessed on hospitals, nursing facilities, nursing homes,
personal care homes, and family care homes under the provisions of KRS 216.560
and 216B.131(2).
(2) Additional funding shall be provided by an assessment of five dollars ($5) to be
added to each nurse licensure renewal application fee payable to the board, proceeds
of which shall be annually allocated to the Kentucky nursing incentive scholarship
fund.
(3) The board may cancel any contract between it and any applicant or recipient upon
failure by the applicant or recipient to meet requirements of KRS 314.025 to
314.027 or board administrative regulations. Failure to complete the terms of the
contract shall subject the applicant to legal action for the recovery of all assistance
provided, together with attorney fees and interest at a compound rate of eight
percent (8%) from the date of disbursement from the Kentucky nursing incentive
scholarship fund.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.