AN ACT relating to professional engineering and land surveying scholarships.

Create new sections of KRS Chapter 322 to establish and grant scholarships through the Kentucky professional engineer and professional land surveyor incentive scholarship fund; declare legislative intent to address engineer and land surveyor development and needs by providing Kentucky residents with postsecondary scholarships; establish the Kentucky professional engineer and professional land surveyor incentive scholarship fund as a trust and agency accounts direct the engineer and land surveyor board to administer the fund and award scholarships to qualified applicants; require a written contract between the board and the recipient where the recipient agrees to obtain engineer or land surveyor licensure within 6 years of graduation and practice in Kentucky for at least 1 year for each year of scholarships granted; acquire moneys for the fund through penalties and fines, assessments from license renewals, and the board's budgeted funds; make the applicant's failure to complete the terms of the contract subject to recovery of the fund assistance, attorney's fees, and 8% annual interest; require the board to annually report its scholarship data to the Legislative Research Commission for referral to the Interim Joint Committee on Licensing, Occupations, and Administrative Regulations.