Notwithstanding the provisions of KRS 164.7535 and 164.785 to the contrary, if sufficient funds are available, the authority shall do one (1) of the following: (1) Promulgate an administrative regulation to increase the maximum amount available under the g rant programs to each student, up to the prevailing tuition rate charged by the regional public universities for full -time enrollment in an undergraduate program, but in no event shall a student receive more than the student's cost of education less other anticipated student financial assistance; (2) Promulgate an administrative regulation to increase the average income level for qualification for the grant programs; or (3) Promulgate an administrative regulation that increases both the maximum amount available under the grant programs, and increases the average income level for qualification for the grant programs.
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