KRS 154.12-346: Applications -- Contributions -- Report.

(1) Applications for the program shall include:

(a) At least one (1) eligible project;

(b) The total estimated cost of the program; and

(c) The individual estimated costs associated with the program design,

administration, marketing, and relocation efforts.

(2) Eligible grant applicants shall contribute twenty percent (20%) of total project

costs. Applicant contributions may include local investments and in -kind donations.

For regional projects, one (1) or more of the eligible grant applicants may combine

to meet the twenty percent (20%) local match.

(3) Previous applicants may present a subsequent application if they met the household

goal in their previous application.

(4) Each approved eligible grant applicant shall report semiannually to the cabinet the

following:

(a) The reported metrics from the initial application as provided under KRS

154.12-344(1)(c). Metrics may include:

1. Household recruitment targets;

2. Engagement rates;

3. Qualified interest metrics;

4. Documented perception shifts;

5. Student job placement connections;

6. Graduate retention rates;

7. The household goal and the grant amount per household;

8. The program's estimated state and local tax impact; and

9. The program's estimated total economic impact;

(b) A summary of the grant applications received from eligible grant applicants

and submitted to the cabinet, including the grant amounts awarded to eligible

households;

(c) The current balance of the program funds awarded to eligible grant applicants;

and

(d) Recommendations for legislation or policy actions needed to facilitate greater

receipt of grant funding to eligible grant applicants.

(5) If a grant recipient fails to comply with this section or uses the awarded funds for

any purpose other t han an eligible project, the grant recipient shall forfeit and be

liable to the cabinet for the full award amount.