No. CS/SB 1246
Filed under Education.
Linking Industry to Nursing Education Fund; Revising the Legislative intent for the Linking Industry to Nursing Education (LINE) Fund; authorizing the inclusion of nonmonetary contributions to institutions for purposes of proposals for LINE Fund matching funds; requiring proposals for participation in the fund to be submitted by specified persons; prohibiting a proposal to participate in the fund from being comprised solely of nonmonetary contributions, etc.
Plain English Summary
AI-GENERATEDHealth care partners can now offer donated staff time, space, or equipment to trigger state matching funds, not just cash.
Monetary contributions from health care partners receive priority when the state awards matching funds.
Institutions must now submit proposals through their president, chief administrative officer, or designee.
Proposals cannot consist solely of nonmonetary contributions; they must include some monetary component.
AIAllows nonmonetary contributions to count toward matching funds, provided they are quantified and certified.
AIRequires that monetary contributions from health care partners receive priority when awarding matching funds.
AIProhibits a proposal from being comprised solely of nonmonetary contributions.
AIPermits funds to be used to expand, retrofit, or upgrade existing facilities, and for internships.
AIGrants the Board of Governors or Department of Education discretion to award funds for up to two additional academic years.