KRS 164.7921: Technology initiative trust fund.

(1) (a) The technology initiative trust fund created by KRS 164.7911 is intended to

support investments in electronic technology for postsecondary education

throughout the Commonwealth to improve student learning.

(b) The Council on Postsecondary Education may est ablish separate subsidiary

programs and related accounts to provide financial assistance to the

postsecondary education system in acquiring the infrastructure necessary to

acquire and develop electronic technology capacity; to encourage shared

program deli very among libraries, institutions, systems, agencies, and

programs; to provide funding for the Commonwealth Virtual University under

KRS 164.800; and other programs consistent with the purposes of

postsecondary education, the adopted strategic agenda, and the biennial

budget process.

(2) The council shall develop the criteria and process for submission of an application

under this section. Any university and the Kentucky Community and Technical

College System may apply to the council for financial assistan ce from the

technology initiative trust fund. The council shall determine the matching funds or

internal reallocation requirements for the applicants to qualify for funding.

Financial assistance that may be awarded by the council shall be consistent with t he

adopted strategic agenda, the biennial budget process, and the availability of any

resources to the technology initiative trust fund.