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Amend various sections of KRS Chapter 327, relating to the practice and regulation of physical therapy, to state legislative findings; require a practitioner or employer to report a physical therapist or physical therapist assistant who has been convicted of a misdemeanor; require potential board members to not have been under any disciplinary action in the past 5 years; permit the Board of Physical Therapy to purchase professional liability insurance; authorize the board to convene committees and task forces to review and advise the board on pertinent issues; authorize the board to promulgate administrative regulations to establish fee amounts, issue advisory opinions and declaratory rulings related to this chapter, and issue a license to a physical therapist assistant applicant; prohibit physical therapists and physical therapist assistants from engaging in sexual contact with any active patient of record or parent or legal guardian of an active patient of record; require the board to develop guidelines to follow upon receipt of an allegation of sexual misconduct by a physical therapist or physical therapist assistant; allow the board to receive periodic education on issues affecting the practice of physical therapy and public protection; allow the board to determine which disciplinary records may be expunged; authorize the board to establish the amounts, limits, or ranges for any fines imposed; repeal and reenact KRS 327.010 to define terms; repeal and reenact KRS 327.080 to deposit to the credit of a revolving fund for the use of the board; require all expenses of the board to be paid from the revolving fund.