KRS 147A.325: Certification of qualified community foundation, county -specific

component, or affiliate community foundation -- Commission to maintain and

publish list of certified entities -- Biennial review -- Administrative regulations.

(1) In order to receive g rants from the fund under KRS 147A.320, a qualified

community foundation, county -specific component fund, or affiliate community

foundation shall substantially comply with the national standards for community

foundations established by the National Council on Foundations, and be certified by

the commission. The commission may charge a nonrefundable administrative fee to

cover the costs associated with the certification process, not to exceed one thousand

dollars ($1,000) per certification application.

(2) The commission shall:

(a) Maintain a current list of all qualified community foundations, county-specific

component funds, and affiliate community foundations which are certified.

This list shall be:

1. Published on a Web site which is accessible to the general public; and

2. Provided to the Department for Local Government and the Department

of Revenue; and

(b) Perform a biennial review of each qualified community foundation, county -

specific component fund, and affiliate community foundation which has been

certified to ensure that it remains in compliance with all requirements

mandated by this section or by administrative regulation.

(3) The commission may promulgate administrative regulations in accordance with

KRS Chapter 13A to administer this section.