Section 154.14-NEW - [Newly enacted section not yet numbered]

Current through Acts Received April 24, 2024

(1)

(a) By June 1, 2024, the cabinet shall submit a monthly report on eligible project applications to the Governor and the Senate Standing Committee on Appropriations and Revenue and the House Standing Committee on Appropriations and Revenue, or the Interim Joint Committee on Appropriations and Revenue, and make the reports available on the cabinet's website.

(b) The monthly report shall be a summary of the eligible project applications and shall include but not be limited to the following:

1. A list of all match applicants;

2. The identity of applicants who were not selected for obligation of match funds;

3. Trends found in feedback given to applicants who were not selected for obligation of match funds;

4. Eligible uses of the projects cited in the match applications;

5. The date of the application;

6. The date of receipt of the application by the cabinet;

7. A description of the federal grant funds applied for by the applicant;

8. A description of the title, subject matter, preliminary evaluation, and scoring tally of the eligible project;

9. The date of the cabinet's preliminary evaluation;

10. The amount of moneys requested, and the amount of moneys approved or denied for each application;

11. The date of the cabinet's final decision on obligation of the match funds, the date of the federal grant approval or denial, and whether the eligible project was approved or denied; and

12. Any other information requested by the cabinet.

(2) By November 1, 2024, and annually thereafter until November 1, 2026, the cabinet shall prepare an annual report of the Government Resources Accelerating Needed Transformation Program of 2024 to be submitted to the Governor and the Interim Joint Committee on Appropriations and Revenue and made available on the cabinet's website. The annual report shall include but not be limited to the following:

(a) A summary of the monthly reports and the match applications received and relevant statistics relating to actions taken by the cabinet and grants awarded, including the applicant, award amount, and the purpose of the funding;

(b) The current balance of the Government Resources Accelerating Needed Transformation Program of 2024 fund;

(c) Recommendations regarding appropriations to the Government Resources Accelerating Needed Transformation Program of 2024 fund for the upcoming fiscal year; and

(d) Recommendations for legislation or policy actions needed to facilitate greater receipt of grant funding to eligible grant recipients.

Added by 2024 Ky. Acts ch. TBD,§ 7, eff. 4/12/2024.