41.455 Board chair and vice chair -- Quorum -- Meetings -- Expenses -- Conflict of

374 words·~2 min read·/ky/41-455

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

interest -- Administrative support.

(a)The State Treasurer shall serve as chair of the board of the commission.

(b)At the first board meeting following initial appointment of all board members,

the board shall elect a vice chair from its membership, and a vice chair shall

be elected annually thereafter.

(2)The vice chair shall chair any meetings when directed to do so in writing by the

State Treasurer.

(a)A majority of the commission board members shall constitute a quorum for

the purposes of conducting its business, exercising its powers, and for all

other purposes.

(b)In determining whether a quorum exists, vacancies on the board shall be

considered.

(a)The board shall meet at least once a quarter.

(b)The board may meet at other times:

1. Upon call of the chair; or

2. At the written request of a majority of board members;

with a minimum of a seven

(7)day notice.

(5)Board members shall receive no compensation for their services, but may be

entitled to payment of reasonable and necessary expenses actually incurred in

attending meetings, or discharging their official duties, subject to availability of

funding.

(6)Any reimbursement of extraordinary travel expenses of board members, including

but not limited to attending conventions and conferences, shall be reasonable and

necessary and shall be approved by vote of a majority of the board during a meeting.

(7)If any board member has a direct or indirect interest in any organization,

department, or agency with which the commission seeks to enter into a contract:

(a)The interest shall be disclosed and set forth in the minutes of the board; and

(b)The board member having the interest shall not participate in any action

involving the organization in which he or she has the interest.

(a)The Kentucky State Treasury:

1. Shall provide technical, clerical, and administrative assistance and

support to the commission; and

2. May provide state personnel, property, and resources to assist the

commission in its functions as set forth in KRS 41.450 to 41.465.

(b)As funding is available, the commission may enter into a contract with the

Kentucky State Treasury as may be proper and appropriate for the provision of

these services and resources.