342.807 Board of directors.

195 words·~1 min read·/ky/chapter-342/342-807

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

(1)The authority shall be governed by a board of directors. The board shall

exercise complete jurisdiction over the authority.

(2)The board shall consist of the:

(a)Secretary of the Finance and Administration Cabinet;

(b)Secretary of the Personnel Cabinet;

(c)Secretary of the Education and Labor Cabinet; and

(d)Seven

(7)at-large members appointed by the Governor, subject to

confirmation by the Senate.

(3)Any vacancy which occurs prior to the expiration of a term shall be filled by the

Governor in the same manner as the initial appointment was made, and the

new appointee shall serve only the remainder of the unexpired term.

(4)No person shall serve on the board who:

(a)Fails to meet or comply with the conflict of interest policies established by

the board and KRS 304.24-270;

(b)Is not bondable;

(c)Is an employee, attorney, or contractor of a competing insurer providing

workers' compensation insurance in the Commonwealth; or

(d)Is not a resident of this Commonwealth.

(5)In making the appointments to the board, subject to Senate confirmation, the

Governor shall ensure adequate representation from the major sectors of the

economy and workforce in the Commonwealth.