§ 164.7011

164.7011 Definitions for KRS 164.7011 to 164.7021. As used in KRS 164.7011 to 164.7021: (1) 'Advisory committee' means the Kentucky Aerospace, Aviation, and Defense Investment Fund Advisory Committee established in KRS 164.7013; (2) 'Aviation' means the operation, maintenance, or manufacturing of aircraft or other aerospace equipment, aerospace i nitiatives and efforts, and defense -related products related to aerospace and aviation; (3) 'Aviation industry partner' means a grantor to the fund that the council determines customarily employs individuals with an eligible aviation or aerospace credentia l in a relevant aviation role in the usual course of the grantor's business; (4) 'Aviation program': (a) Means an education or training program located in Kentucky that issues eligible aviation or aerospace credentials or is a specific requirement to earni ng an eligible aviation or aerospace credential, including but not limited to a public high school vocational program; and (b) Notwithstanding paragraph (a) of this subsection, does not include a flight training program unless that program is a certified p ilot school regulated by the Federal Aviation Administration in accordance

thstanding paragraph (a) of this subsection, does not include a flight training program unless that program is a certified p ilot school regulated by the Federal Aviation Administration in accordance with 14 C.F.R. pt. 141 or is a public high school vocational program; (5) 'Council' means the Council on Postsecondary Education; (6) 'Dedicated moneys' means a gift, grant, or dona tion to the fund that is subject to restrictions imposed by a private grantor under KRS 164.7015; (7) 'Eligible aviation credential' means: (a) Any license or certification issued by the Federal Aviation Administration; (b) A Bachelor of Science in aviation issued by a postsecondary education institution overseen or licensed by the council and located in Kentucky; (c) Any engineering degree issued by a postsecondary education institution overseen or licensed by the council and located in Kentucky; or (d) A career and technical education license or certification determined by the council, in collaboration with the advisory committee, to be in high d emand and relevant to the aerospace industry; (8) 'Fund' means the Kentucky aerospace, aviation, and defense investment fund established in KRS 164.7013; (9)

h the advisory committee, to be in high d emand and relevant to the aerospace industry; (8) 'Fund' means the Kentucky aerospace, aviation, and defense investment fund established in KRS 164.7013; (9) 'Grantor' means an individual or an entity that gifts, grants, or donates moneys to the fund; (10) 'Immediate family' means an individual's parents, siblings, spouse, and children; (11) 'Kentucky resident' means a Kentucky resident as defined by the council pursuant to KRS 164.020(8); and (12) 'Public aviation program' is an aviation program that is a public high school vocational program or institution that is a member of Kentucky's public postsecondary education system. Effective: April 5, 2024 History: Created 2024 Ky. Acts ch. 109, sec. 1, effective April 5, 2024.