KRS 154.12-344: Kentucky Talent Recruitment Grant Program.

(1) The Kentucky Talent Recruitment Grant Program is hereby established under the

cabinet. The cabinet's administration of the program includes but is not limited to

the following:

(a) Creating and making available a grant application for eligible grant applic ants

to apply for program grant funds;

(b) Reviewing and processing applications submitted to the cabinet by eligible

grant applicants; and

(c) Submitting grant applications to the authority for approval.

(2) The maximum amount of funding for each eligible grant applicant is five hundred

thousand dollars ($500,000).

(3) If a grant application is approved by the authority as an eligible project under KRS

154.12-342(4)(a) or (b), the cabinet shall disburse fifty percent (50%) of the total

grant award to the e ligible grant applicant upon execution of the grant agreement.

The remaining fifty percent (50%) of the grant award shall be disbursed upon the

eligible grant applicant demonstrating to the authority, subject to its approval, that

fifty percent (50%) of th e household goal or the retention goal has been met based

on the reported metrics set forth in KRS 154.12-346(4)(a).

(4) The cabinet shall determine the terms, conditions, and requirements of grant awards

from the fund. The cabinet may establish procedures and standards for the review

and approval of the obligation of grant funds through the administrative regulations

promulgated in accordance with KRS Chapter 13A.

(5) The secretary of the cabinet shall have the authority to hire staff, contract for

services, expend funds, and operate the normal business activities of the program.