# KRS § 314.027: 314.027 Funding for scholarships -- Contract for scholarship

> Kentucky · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C314_S314.027

## Section

- **Citation:** KRS § 314.027
- **Heading:** 314.027 Funding for scholarships -- Contract for scholarship
- **Jurisdiction:** Kentucky
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** 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.

## Nearby sections

- [KRS § 314.011 314.011 Definitions for chapter](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C314_S314.011.md)
- [KRS § 314.021 314.021 Policy](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C314_S314.021.md)
- [KRS § 314.025 314.025 Kentucky nursing incentive scholarship fund -- Intent of General Assembly](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C314_S314.025.md)
- [KRS § 314.026 314.026 Applications for scholarships -- Awards](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C314_S314.026.md)
- [KRS § 314.027 314.027 Funding for scholarships -- Contract for scholarship](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C314_S314.027.md)
- [KRS § 314.031 314.031 Unlawful acts relating to nursing](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C314_S314.031.md)
- [KRS § 314.035 314.035 Unlawful acts relating to dialysis care](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C314_S314.035.md)
- [KRS § 314.037 314.037 References in the Kentucky Revised Statutes to "licensed" nurses to include those credentialed or privileged](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C314_S314.037.md)
- [KRS § 314.039 314.039 Definition for KRS 314.041, 314.042, 314.042, 314.051, and 314.101](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C314_S314.039.md)
- [KRS § 314.041 314.041 Registered nurse license -- Application -- Examinations -- Use of "R.N.A." by provisional licensee -- Use of "R.N." -- Practice by registered nurse licensed in another state or country -- License by endorsement for graduate of foreign nursing school -- Special license -- Reinstatement -- Limited license](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C314_S314.041.md)
- [KRS § 314.042 314.042 License to practice as an advanced practice registered nurse -- Application -- Renewal -- Reinstatement -- Use of "APRN" -- Prescriptive authority under CAPA-NS and CAPA-CS -- Exemption from CAPA-NS and CAPA-CS requirement -- CAPA-CS Committee -- Administrative regulations](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C314_S314.042.md)
- [KRS § 314.051 314.051 Practical nurse license -- Application -- Examinations -- Use of "L.P.N.A." by provisional licensee -- Practice by practical nurse licensed in another state or country -- License by endorsement for graduate of foreign nursing school -- Use of "L.P.N." -- Special license -- Reinstatement -- Limited license](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C314_S314.051.md)
- [KRS § 314.071 314.071 Renewal of licenses -- Reinstatement of licenses](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C314_S314.071.md)
- [KRS § 314.073 314.073 Continuing competency requirements](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C314_S314.073.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXVI_C314_S314.027. Check the current official text before relying on it. Not legal advice.