Create a new section of KRS Chapter 158 to authorize participation in a public school interscholastic extracurricular activity by an at-home private school student; establish criteria for participation; require a parent, guardian, or teacher of an at-home private school student participating in a public school interscholastic activity to verify the student's academic progress; declare a public school student who does not make academic progress at a public school and withdraws and enters an at-home private school program ineligible for participation in an interscholastic activity for the remainder of the school year; provide that the Act may be cited as the Play Fair Kentucky Act.

Amend KRS 154.60-040 to define terms; create the Farmland Retention Tax Credit Program; establish a tax credit for seller of agricultural land; amend KRS 141.3841, 131.190, 154.60-005, and 154.60-020 to conform; sunset the program on December 31, 2031.

Create new sections of KRS Chapter 394 to enact the Uniform Electronic Wills Act; define terms; establish the applicability of electronic wills; address the effect of a will electronically executed in another jurisdiction; establish requirements for executing and revoking an electronic will; address records that are not executed in compliance with the requirements for an electronic will; provide requirements for an electronic will to be self-proving; allow for certified paper copies of an electronic will; create new sections of KRS Chapter 394 to enact the Uniform Electronic Estate Planning Documents Act; define terms; establish that a non-testamentary estate planning document or a signature on a non-testamentary estate planning document may not be denied legal effect or enforceability solely because it is in electronic form; provide that an electronic record of a document satisfies a requirement for a non-testamentary estate planning document to be in writing; establish notarization, acknowledgment, and verification requirements; create new sections of KRS Chapter 386 to enact the Kentucky Qualified Dispositions in Trust Act; define terms; establish requirements for qualified affidavit; prohibit claims by creditors against property subject to a qualified disposition to a qualified trust except under limited circumstances; provide that limitations on actions by creditors do not apply to past due child support, past due maintenance to a spouse or former spouse, or a written agreement, judgment, or order of a court for division of marital property of a spouse or former spouse; limit powers and rights of transferor to those conferred by the qualified trust; establish rules for avoiding a qualified disposition to a qualified trust; address rights of trustee and beneficiary when a qualified disposition has been avoided; provide that a spendthrift provision acts as a restriction on the transferor's beneficial interest in the trust under law other than bankruptcy law; enumerate persons who may not act as a qualified trustee; allow a transferor to appoint trust advisors; provide for the appointment of a successor trustee in certain circumstances; provide that the inclusion of certain provisions in the qualified trust instrument does not deem the trust to be revocable; application to trusts and dispositions of property on or after effective date of Act; establish a new subchapter of KRS Chapter 386B and create new sections to enact the Uniform Directed Trust Act; define terms; establish that Act does not apply to powers of appointment; subject trust directors to same rules, liabilities, and fiduciary duties as trustees; enumerate powers of trust director and responsibilities of trustee in a trust under direction; provide for liability of trust director for breach of trust; time limitation for breach of trust action; require communication of information between trustees and trust directors; establish a new subchapter of KRS Chapter 386B and create new sections to enact the Uniform Trust Decanting Act; define terms; applicability of provisions; require fiduciaries to act in accordance with fiduciary duties in exercising trust decanting power; specify notice requirements prior to exercise of the decanting power; address authority to represent and bind or another person under a first-trust instrument; allow court intervention in disputes regarding the exercise of the decanting power; require an exercise of the decanting power to be made in a record signed by an authorized fiduciary; allow an authorized fiduciary with expanded distributive discretion over the principal of a first trust to exercise decanting power over the principal of the first trust; specify trust provisions and actions permissible when property is decanted to a second trust by such a fiduciary; allow an authorized fiduciary with limited distributive discretion over the principal of a first trust to exercising decanting power over the principal of the first rust; specify trust provisions and actions permissible when property is decanted to a second trust by such a fiduciary; establish rules for decanting to a special needs trust; establish rules to protect charitable trust interests; provide for limitations on decanting power through restrictions in a first-trust instrument; prohibit decanting to a second trust to increase fiduciary compensation unless beneficiaries of the second trust agree to the increase or it is approved by a court; address fiduciary compensation and liability in a second-trust instrument; provide for limitations on authority of authorized fiduciary to exercise decanting power to modify provisions relating to removal or replacement of the fiduciary; set limitations for exercise of the decanting power with respect to transfers of property affecting tax liability; specify requirements for duration of a second trust; allow authorized fiduciary to exercise decanting power regardless of whether the fiduciary could have made or would have been compelled to make a discretionary distribution under discretionary distribution standard of the first trust; provide for circumstances where decanting power is effective even if second trust does not comply in part with the provisions of the Act; provide for decanting powers to an animal trust; provide that a settlor of a first trust is deemed to be settlor of first trust; establish rules for disposition of later-discovered property; provide that obligations enforceable against first trust are enforceable to same extent against second trust; require provisions to be applied and construed so as to promote uniformity among states; conform to federal requirements related to electronic signatures and records; amend and repeal various sections of the Kentucky Revised Statutes to conform; establish short titles.

Create a new section of KRS Chapter 141 to establish the 2026 toll relief tax credit; amend KRS 141.0205 to order the tax credit; amend KRS 131.190 to allow the department to report on the credit.

Amend KRS 278.704 to prohibit the Kentucky State Board on Electric Generation and Transmission Siting from granting a setback deviation for an application for a solar merchant electric generating facility made after January 1, 2026, that would allow the facility to be located within 350 feet of an adjoining property owner unless consented to in writing and approved by the legislative body of the local government where the adjoining property is located; establish requirements for the application of the minimum setback requirements for solar merchant electric generating facilities; amend KRS 278.710 to require a construction certificate holder for a solar merchant electric generating facility to file a report with the Energy and Environment Cabinet detailing all federal and state incentives utilized by the construction certificate holder relating to the siting, construction, and operation of the facility; require the Energy and Environment Cabinet to compile an annual report from the incentive disclosures it receives and to submit the report to the Legislative Research Commission on or before December 1 each year.

Create a new section of KRS 161.220 to 161.716, relating to the Teachers' Retirement System (TRS), to require that once the TRS retiree health fund has an actuarial funding level of at least 100%, then the employer funding for retiree health shall be used to pay down the unfunded liability of the TRS pension fund; require that if the actuarial funding level of the TRS retiree health fund falls below 95%, then the employer funding shall be restored to the retiree health fund until the retiree health fund is 100% funded; amend KRS 161.540, 161.550, and 161.675 to provide that the TRS board of trustees shall not recommend changes to the General Assembly to reduce employee or employer funding for retiree health or reduce board adopted charges under the shared responsibility provisions for health benefits for retirees under the age of 65 until the pension and retiree health funds are each 100% funded; amend KRS 161.420 to conform.

Amend KRS 64.185 to establish a salary schedule for coroners and increase the minimum compensation for deputy coroners; require the Department for Local Government to certify the population group within the salary schedule and the years of service for each coroner assuming office; provide for adjustments to compensation for part-time employment and the consumer price index; allow additional compensation for training courses completed; require an annual cost of living adjustment to be granted to each deputy coroner's salary; require the fiscal court to pay for operational expenses, post-mortem bags, mortuary equipment, and training courses; EFFECTIVE January 4, 2027.

Create a new section of KRS Chapter 27A to require the Administrative Office of the Courts to establish and maintain a crime victim notification system; establish requirements of the system; establish authority to contract with a third-party vendor if required in compliance with the procurement process of the Administrative Office of the Courts; APPROPRIATION.

Amend KRS 278.506 to make technical corrections.

Create a new section of KRS Chapter 2 to define and designate the Honor and Remember flag as the state's emblem of the service and sacrifice of members of the United States Armed Forces who gave their lives in the line of duty; specify locations, dates, and circumstances under which the flag may be displayed; provide that if Congress designates a flag to honor those service members who gave their lives in the line of duty, then that flag shall be used instead of the flag created by Honor and Remember, Inc.

Amend KRS 514.020 to include alteration, falsification, forgery, or misrepresentation of any instrument involving the conveyance or financing or real property as prima facie evidence of intent to commit theft by unlawful taking; amend KRS 514.030 to establish the penalty for theft of immovable property or real property; amend KRS 15.113 to direct the Attorney General to create notices and publications designed to inform and educate the public regarding the risks posed by deed fraud; amend KRS 15.231 to establish concurrent jurisdiction of the Attorney General with Commonwealth's attorneys and county attorneys for the prosecution of theft of unlawful taking involving real property; amend KRS 134.119 to require the sheriff of each county to include the publication prepared by the Attorney General in every notice to a taxpayer relating to the collection of property taxes; create a new section of KRS Chapter 67 to require each county clerk to establish a property owner notification service to notify owners of real property who register for the service when a document is recorded under the name of the property owner or the address of the property owner; establish that a county clerk shall not be liable for failure to provide notice.

Adjourn the Senate in honor and loving memory of James Dion Deneen.

Create new sections of KRS Chapter 216B to define terms; require hospitals to disclose prices for certain items and services provided by hospitals; require hospitals to provide descriptions of different services and standard charges of those services; require the Cabinet for Health and Family Services to promulgate administrative regulations, monitor each facility's compliance, and provide administrative penalties; prohibit collective action of debt for noncompliant facilities.

Amend KRS 154.14-020, relating to the Government Resources Accelerating Needed Transformation Program of 2024, to include a nonprofit corporation created by a governmental agency as created under KRS 58.180 in the definition of "eligible grant recipient"; amend KRS 154.14-030 to specify that match applicants may apply for match funds for a period of two years after receiving a notice of award of a federal grant, and that the Cabinet for Economic Development shall administer any grants awarded prior to the program sunset date until all awarded funds have been fully disbursed to grant recipients; amend KRS 154.14-060 to conform.

Amend KRS 12.028 to make technical corrections.