Lower division academic courses -- Transfer of credits -- Review of new program that will require appropriation

program that will require appropriation. (1) Each college in the Kentucky Community and Technical College System may offer, within the two (2) year academic curriculum of the college, any and all lower division academic courses offered for undergraduate credit at any and all of the four (4) year public colleges and universities. (2) All lower division academic courses offered by the KCTCS shall be transferable for academic credit to any and all four (4) year public colleges and universities, regardless of the number of academic credits earned by any student at one (1) or more KCTCS colleges. (3) This section shall not be construed or interpreted to change, reduce, or otherwise affect the required distribution between lower division and upper division courses now required for matriculation in an undergraduate program at any institution of higher education. (4) (a) If the KCTCS seeks to offer a new accredited program which will require dedicated general fund appropriations for capital or operating expenses beyond the system's regular appropriations, the president shall submit a proposal to the board of regents of KCTCS for review and approval. The board's review shall include but not be limited to: 1. The proposed program's alignment with the mission and goals of the system; 2. The statewide or regional need the proposed program seeks to fill and how the system, through the offering of this program, would meet this need; 3. Student demand for the proposed program; 4. Employer demand for the proposed program, including any potential industry partners; 5. Utilization of existing institutional resources to deliver the proposed program and how the program would complement existing program offerings and not shift resources away from those existing programs; 6. A five (5) year budgetary analysis of the proposed program, including program costs, funding sources projected to support the program, and the amount of general fund appropriations needed for capital or operating expenses; 7. The proposed program curriculum; 8. Any specialized accreditation or licensure requirements for the proposed program and analysis of how those requirements would be met; 9. Admission and graduation requirements for the proposed program; and 10. Administrative oversight to ensure the quality of the proposed program. (b) A proposal approved by the KCTCS board shall be submitted to the council for consideration in the system's budget request for the next biennial budget in accordance with KRS 164.020(10) and 164.7915. (5) The Council on Postsecondary Education shall review each proposal submitted in  accordance with subsection (4)(b) of this section and shall determine if the proposal should be included in the biennial budget request pursuant to KRS 164.7915. (6) If the new accredited program will not require dedicated general fund appropriations for capital or operating expenses beyond the system's regular appropriations, the KCTCS may proceed with the new program in accordance with KRS 164.020(15).