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KY SB6
KY SB6AN ACT relating to the endowed research fund, making an appropriation therefor, and declaring an emergency.
summary
Introduced
01/28/2026
01/28/2026
In Committee
03/12/2026
03/12/2026
Crossed Over
03/11/2026
03/11/2026
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Appropriate General Fund moneys in the amount of $150,000,000 in fiscal year 2026-2027 to the endowed research fund; APPROPRIATION; EMERGENCY.
AI Summary
This bill appropriates $150,000,000 from the General Fund to the endowed research fund for the fiscal year 2026-2027, with the funds to be equally divided among five consortium accounts established by KRS 164.038(1)(g). The endowed research fund, as outlined in KRS 164.038, is a pool of money dedicated to supporting research initiatives, and any unspent funds at the end of a fiscal year will carry over to the next, meaning they will not lapse or be returned to the general fund. The bill also declares an emergency, stating that the immediate enactment of this legislation is necessary to foster research excellence, attract top faculty, and enhance economic opportunities for the citizens of the Commonwealth, allowing the bill to take effect as soon as it is approved.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
to Appropriations & Revenue (H) (on 03/12/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://apps.legislature.ky.gov/record/26RS/sb6.html |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/sb6/bill.pdf |
| Vote History for SB6 | https://apps.legislature.ky.gov/record/26RS/sb6/vote_history.pdf |
| Fiscal Note for SB6 | https://apps.legislature.ky.gov/recorddocuments/note/26RS/sb6/FN.pdf |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/sb6/orig_bill.pdf |
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