(1) (a) The science and mathematics advancement fund is hereby created to provide incentives for public schools to provide or expand student access to rigorous science and mathematics curricula, to make available advanced science and mathematics courses and college credit in these disciplines for high school students, and to increase the quantity and quality of science and mathematics teachers in Kentucky. (b) Funds may be used in support of public schools to provide: 1. Payment of student fees for AP and IB examinations; 2. Scholarships for high school students to take advanced science and mathematics courses through the Kentucky Virtual High School when those courses are not offered at the school in which they are enrolled; 3. Two (2) year grants to high schools to support the start -up of advanced science and mathematics courses; 4. Two (2) year renewable grants to middle schools to support accelerated student learning in science and mathematics; 5. Grants to school districts for programs to develop and implement an energy technology engineering career track; and 6. Professional development opportunities, and payment of expenses and stipends for participation, for elemen tary school teachers to deepen their content knowledge and improve instructional practice in science and mathematics. (c) The fund may receive state appropriations, grants, gifts, federal funds, or any other funds, public or private. (d) Funds from the sci ence and mathematics advancement fund shall be distributed after all other funds available for these purposes have been obligated, including state funds, federal funds, or any funds available through a scholarship program administered by the Kentucky Highe r Education Assistance Authority. (2) The Kentucky Board of Education shall promulgate administrative regulations for the administration of the science and mathematics advancement fund. The Kentucky Department of Education shall administer the fund, approv e grant recipients, and distribute the funds to local school districts and other appropriate educational agencies.
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