KRS 164.7011: Definitions for KRS 164.7011 to 164.7021.

As used in KRS 164.7011 to 164.7021:

(1) "Advisory committee" means the Kentucky Aerospace, Aviation, and Defense

Investment Fund Advisory Committee established in KRS 164.7013;

(2) "Aviation" means the operation, maintenance, or manufacturing of aircraft or other

aerospace equipment, aerospace initiatives and efforts, and defense-related products

related to aerospace and aviation;

(3) "Aviation industry partner" means a grantor to the fund that the council determines

customarily employs individuals with an eligible aviation or aerospace credentia l in

a relevant aviation role in the usual course of the grantor's business;

(4) "Aviation program":

(a) Means an education or training program located in Kentucky that issues

eligible aviation or aerospace credentials or is a specific requirement to

earning an eligible aviation or aerospace credential, including but not limited

to a public high school vocational program; and

(b) Notwithstanding paragraph (a) of this subsection, does not include a flight

training program unless that program is a certified p ilot school regulated by

the Federal Aviation Administration in accordance with 14 C.F.R. pt. 141, a

certified public postsecondary pilot school regulated by the Federal Aviation

Administration in accordance with 14 C.F.R. pt. 61, or is a public high schoo l

vocational program;

(5) "Council" means the Council on Postsecondary Education;

(6) "Dedicated moneys" means a gift, grant, or donation to the fund that is subject to

restrictions imposed by a private grantor under KRS 164.7015;

(7) "Eligible aviation credential" means:

(a) Any license or certification issued by the Federal Aviation Administration;

(b) A Bachelor of Science in aviation issued by a postsecondary education

institution overseen or licensed by the council and located in Kentucky;

(c) Any engineering degree issued by a postsecondary education institution

overseen or licensed by the council and located in Kentucky; or

(d) A career and technical education license or certification determined by the

council, in collaboration wi th the advisory committee, to be in high demand

and relevant to the aerospace industry;

(8) "Fund" means the Kentucky aerospace, aviation, and defense investment fund

established in KRS 164.7013;

(9) "Grantor" means an individual or an entity that gifts, g rants, or donates moneys to

the fund;

(10) "Immediate family" means an individual's parents, siblings, spouse, and children;

(11) "Kentucky resident" means a Kentucky resident as defined by the council pursuant

to KRS 164.020(8); and

(12) "Public aviation program" is an aviation program that is a public high school

vocational program or institution that is a member of Kentucky's public

postsecondary education system.