Section 164.0404 - Healthcare program incentive - Administrative regulations - Incentive application process and requirements(1) The council shall reserve up to thirty-five percent (35%) of all net moneys in the Kentucky healthcare workforce investment fund for healthcare program incentives to reward performance and excellence among eligible healthcare programs. Any appropriation applied towards the amount of a healthcare program incentive award shall be matched, at least dollar for dollar, with moneys deposited to the fund by the healthcare partner.(2) The council shall promulgate administrative regulations to establish criteria for issuing healthcare program incentives. The criteria shall consider the following factors: (a) The workforce demands and capacity for a specific eligible healthcare credential;(b) The workforce demands and capacity for a specific eligible healthcare credential within historically underserved counties;(c) The percentage of increase over a baseline standard in the number of students completing the healthcare program;(d) The passage rate and first-time passage rate of graduates of the healthcare program on the healthcare credential examination; and(e) Any other objective factors determined by the council to be relevant to the evaluation of the performance and excellence of the healthcare programs and the ability of the healthcare programs to meet the workforce needs of the communities they serve.(3)(a) The council, or its designee, shall solicit, accept, and review applications for healthcare program incentives by healthcare programs located in Kentucky. The council, or its designee, shall select the healthcare programs to receive healthcare program incentives and the amount thereof based on the criteria established by this section, administrative regulations, and a grantor of dedicated funds, if applicable.(b) A healthcare partner that is the grantor of dedicated funds may reserve the right to require the council, or its designee, to collaborate with the healthcare partner in fulfilling the duties assigned under paragraph (a) of this subsection for any healthcare program incentive funded by the grantor's dedicated funds, except an incentive shall not be: 1. Awarded to a healthcare program that has gifted, granted, or donated any moneys to the fund that are dedicated funds reserved for the purpose of issuing incentives under this section; or2. Restricted to a specific healthcare program or pursuant to criteria which would have the impact of effectively excluding all but a single healthcare program from qualification.(c) Decisions of the council, or its designee, in these matters shall be final.(4) The council shall require the healthcare program to submit proof that the entire amount of the incentive is invested in the continued excellence of the program awarded by funding the: (a) Education, recruitment, and training of the healthcare program's faculty and staff; or(b) Maintenance and acquisition of medical equipment utilized by the healthcare program. A healthcare program that fails to submit the proof required by the council shall return the entire amount of the incentive to the Kentucky healthcare workforce investment fund.
Added by 2023 Ky. Acts ch. 65,§ 4, eff. 3/22/2023.