KRS 154.12-2088: Guidelines -- Application -- Preliminary approval -- Final authorizing

resolution.

(1) The Bluegrass State Skills Corporation shall establish guidelines and standards for

approving skills training investment credits for occupational upgrade traini ng and

skills upgrade training. The guidelines and standards may include, but are not

limited to: required hours of classroom instruction; required courses; certification of

teachers or instructors, whether independent contractors or employees of a qualifi ed

company; certification of providers; progressive levels of instruction; and

standardized measures of employee evaluation to determine successful completion

of a course of study.

(2) To apply for skills training investment credits under KRS 154.12 -2084 to 154.12-

2089, a qualified company shall submit an application to the Bluegrass State Skills

Corporation before commencing its program of occupational upgrade training or

skills upgrade training. The application submitted by the qualified company shall

contain information the Bluegrass State Skills Corporation requires including, but

not limited to:

(a) A proposal for a program of occupational upgrade training or skills upgrade

training;

(b) A description of each component of the proposed training program a nd the

number of employee training hours requested;

(c) A statement of all anticipated costs and expenses of the training program,

including the costs and expenses associated with employee wages, equipment,

personnel, facilities, and materials; and

(d) Auditing procedures and reporting methods for the submission of information

and data to the Bluegrass State Skills Corporation.

(3) After a review of applications for skills training investment credits, the Bluegrass

State Skills Corporation may designate the qualified company as a preliminarily

approved company and preliminarily approve the amount of skills training

investment credits that the qualified company shall be eligible to receive. The

maximum amount of skills training investment credits preliminaril y approved for

all qualified companies by the Bluegrass State Skills Corporation for fiscal year

1998-1999 and fiscal year 1999 -2000 shall not exceed one million dollars

($1,000,000) and shall not exceed two million five hundred thousand dollars

($2,500,000) for each fiscal year thereafter. Skills training investment credits shall

be allocated to qualified companies in the same order preliminary approval is

granted by the Bluegrass State Skills Corporation. Skills training investment credits

that remain una llocated by the Bluegrass State Skills Corporation at the end of its

fiscal year shall lapse and shall not be carried forward to a new fiscal year.

(4) The preliminarily approved company shall complete all programs of occupational

upgrade training or skill s upgrade training within one (1) year from the date of the

preliminary approval of the skills training investment credits by the Bluegrass State

Skills Corporation and shall certify the completion of these programs to the

Bluegrass State Skills Corporation.

(5) The preliminarily approved company shall maintain in its employment the

employees receiving occupational upgrade or skills upgrade training for a minimum

of ninety (90) days following the completion of the program of occupational

upgrade training or skills upgrade training and shall certify to the Bluegrass State

Skills Corporation the number of employees who remained in the employment of

the preliminarily approved company for the full ninety (90) day period.

(6) If a qualified company concludes its training program within the prescribed one (1)

year and receives the required certifications described in subsections (4) and (5) of

this section, then the Bluegrass State Skills Corporation shall adopt a final

authorizing resolution approving the amount o f skills training investment credits

awarded to the preliminarily approved company in accordance with KRS 154.12 -

2084 to 154.12 -2089. The adoption of a final authorizing resolution shall be

contingent upon the Bluegrass State Skills Corporation's approval of documentation

submitted by the preliminarily approved company supporting all incurred approved

costs. If one (1) or more of the employees of the preliminarily approved company

failed to continue in the employment of the company for ninety (90) days foll owing

the completion of the prescribed one (1) year, then the amount of the skills training

investment credits preliminarily approved for a qualified company shall be reduced

on a pro rata basis for each employee who failed to continue employment with the

preliminarily approved company through the ninety (90) day period. The final

amount of the skills training investment credits awarded to the approved company

shall not exceed the amount of skills training investment credits that the approved

company was preliminarily approved for by the Bluegrass State Skills Corporation

prior to commencement of the training program.