Budget & Taxes

Create new sections of KRS Chapter 154.12 to establish the Kentucky Talent Recruitment Grant Program under the Cabinet for Economic Development; define terms; establish the duties of the cabinet in implementation of the program subject to approval of the Kentucky Economic Development Finance Authority; establish eligible grant applicants' duties and program reporting requirements; establish the Kentucky Talent Recruitment Grant Program fund; APPROPRIATION; EMERGENCY.

Amend KRS 157.350 to provide that in order to be eligible to receive support education excellence in Kentucky funds a school district shall not provide the superintendent or any administrator a percentage pay increase greater than the average percentage pay increase provided to classroom teachers within the district; amend KRS 156.070 to conform.

Amend KRS 45A.380 to allow the purchase of used vehicles and used equipment through noncompetitive negotiation if the agency pays no more than 75% of the manufacturer's suggested retail price for new same or similar vehicles or equipment for the used vehicle or equipment; amend KRS 424.260 to allow local agencies to purchase used vehicles and equipment negotiation if the agency pays no more than 75% of the manufacturer's suggested retail price for new same or similar vehicles or equipment without making a newspaper advertisement for bids.