154.12.2088 Guidelines -- Application -- Preliminary approval -- Final authorizing resolution.
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<![CDATA[ Page 1 of 2 154.12-2088 Guidelines -- Application -- Preliminary approval -- Final authorizing resolution. (1) The Bluegrass State Skills Corporation shall establish guidelines and standards for approving skills training investment credits for occupational upgrade training and <br>skills upgrade training. The guidelines and standards may include, but are not <br>limited to: required hours of classroom instruction; required courses; certification of <br>teachers or instructors, whether independent contractors or employees of a qualified <br>company; certification of providers; progressive levels of instruction; and <br>standardized measures of employee evaluation to determine successful completion <br>of a course of study. (2) To apply for skills training investment credits under KRS 154.12-2084 to 154.12-2089, a qualified company shall submit an application to the Bluegrass State Skills <br>Corporation before commencing its program of occupational upgrade training or <br>skills upgrade training. The application submitted by the qualified company shall <br>contain information the Bluegrass State Skills Corporation requires including, but <br>not limited to: <br>(a) A proposal for a program of occupational upgrade training or skills upgrade training; (b) A description of each component of the proposed training program and the number of employee training hours requested; (c) A statement of all anticipated costs and expenses of the training program, including the costs and expenses associated with employee wages, equipment, <br>personnel, facilities, and materials; and (d) Auditing procedures and reporting methods for the submission of information and data to the Bluegrass State Skills Corporation. (3) After a review of applications for skills training investment credits, the Bluegrass State Skills Corporation may designate the qualified company as a preliminarily <br>approved company and preliminarily approve the amount of skills training <br>investment credits that the qualified company shall be eligible to receive. The <br>maximum amount of skills training investment credits preliminarily approved for <br>all qualified companies by the Bluegrass State Skills Corporation for fiscal year <br>1998-1999 and fiscal year 1999-2000 shall not exceed one million dollars <br>($1,000,000) and shall not exceed two million five hundred thousand dollars <br>($2,500,000) for each fiscal year thereafter. Skills training investment credits shall <br>be allocated to qualified companies in the same order preliminary approval is <br>granted by the Bluegrass State Skills Corporation. Skills training investment credits <br>that remain unallocated by the Bluegrass State Skills Corporation at the end of its <br>fiscal year shall lapse and shall not be carried forward to a new fiscal year. (4) The preliminarily approved company shall complete all programs of occupational upgrade training or skills upgrade training within one (1) year from the date of the <br>preliminary approval of the skills training investment credits by the Bluegrass State <br>Skills Corporation and shall certify the completion of these programs to the <br>Bluegrass State Skills Corporation. Page 2 of 2 (5) The preliminarily approved company shall maintain in its employment the employees receiving occupational upgrade or skills upgrade training for a minimum <br>of ninety (90) days following the completion of the program of occupational <br>upgrade training or skills upgrade training and shall certify to the Bluegrass State <br>Skills Corporation the number of employees who remained in the employment of <br>the preliminarily approved company for the full ninety (90) day period. (6) If a qualified company concludes its training program within the prescribed one (1) year and receives the required certifications described in subsections (4) and (5) of <br>this section, then the Bluegrass State Skills Corporation shall adopt a final <br>authorizing resolution approving the amount of skills training investment credits <br>awarded to the preliminarily approved company in accordance with KRS 154.12-<br>2084 to 154.12-2089. The adoption of a final authorizing resolution shall be <br>contingent upon the Bluegrass State Skills Corporation's approval of documentation <br>submitted by the preliminarily approved company supporting all incurred approved <br>costs. If one (1) or more of the employees of the preliminarily approved company <br>failed to continue in the employment of the company for ninety (90) days following <br>the completion of the prescribed one (1) year, then the amount of the skills training <br>investment credits preliminarily approved for a qualified company shall be reduced <br>on a pro rata basis for each employee who failed to continue employment with the <br>preliminarily approved company through the ninety (90) day period. The final <br>amount of the skills training investment credits awarded to the approved company <br>shall not exceed the amount of skills training investment credits that the approved <br>company was preliminarily approved for by the Bluegrass State Skills Corporation <br>prior to commencement of the training program. Effective: July 14, 2000 <br>History: Amended 2000 Ky. Acts ch. 300, sec. 8, effective July 14, 2000. -- Created 1998 Ky. Acts ch. 499, sec. 3, effective July 15, 1998. ]]>