319C.040 Meetings of board -- Quorum -- Employees -- Executive secretary to give
189 words·~1 min read·
/ky/319c-040A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
bond and manage moneys.
(1)The board shall meet at least twice annually and may meet at such other times as
necessary to complete the business required. A majority of the members of the
board shall constitute a quorum for the transaction of business.
(2)The board may employ an executive secretary and such clerical or other assistants
as are necessary for the performance of its work and may make expenditures of its
funds for any purpose which in the opinion of the board is necessary for proper
performance of its duties, including compensation of the executive secretary and the
premium on his or her bond.
(3)The executive secretary or any other person so designated by the board shall give
bond to the state in such sum as determined by the board, to be approved by the
State Treasurer for the faithful performance of his or her duties. The executive
secretary shall receive and account for all moneys derived under this chapter and
shall pay such moneys to the State Treasurer who shall maintain them in the manner
provided for other such agencies and boards of the Commonwealth.