353.752 Kentucky Gas Pipeline Authority established -- Membership.
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(1)There is created and established within the Finance and Administration Cabinet a
Kentucky Gas Pipeline Authority composed of the following nine
(9)members:
(a)The secretary of the Finance and Administration Cabinet or his or her
designee;
(b)The secretary of the Tourism, Arts and Heritage Cabinet or his or her
designee;
(c)The secretary of the Energy and Environment Cabinet or his or her designee;
(d)A member designated by the Kentucky Oil and Gas Association;
(e)A member designated by the Kentucky Society of Professional Engineers who
shall have experience in oil and gas pipeline construction;
(f)A member designated by the Kentucky Gas Association representing a natural
gas distribution company with a minimum annual throughput of ten billion
(10,000,000,000) cubic feet;
(g)A citizen member appointed by the Governor; and
(h)Two
(2)nonvoting legislator members, one
(1)appointed by the President of
the Senate and one
(1)by the Speaker of the House of Representatives.
(2)Members described in paragraphs (d), (e), (f), and
(g)of subsection
(1)of this
section shall begin their terms on August 1, 2005. The initial terms of the members
described in paragraphs
(d)and
(e)shall be two
(2)years. The initial terms of the
members described in paragraphs
(f)and
(g)shall be three
(3)years and four
years, respectively. All subsequent terms for those members shall be four
(4)years.
(3)Vacancies occurring during the term of any member shall be filled in the same
manner as the original appointment.
(4)The nine
(9)members of the authority and their successors shall be a body corporate
and politic, with perpetual succession, constituting a public corporation and a
governmental agency and instrumentality of the Commonwealth. The authority shall
have the power, in its corporate name, to contract and be contracted with, acquire
and convey property, sue and be sued, have and use a corporate seal, and exercise
all of the usual powers of corporations not inconsistent with the authority's
specifically enumerated powers.
(5)The members of the authority shall receive no compensation for their services, but
shall be entitled to reimbursement for their actual and necessary expenses incurred
in the performance of their duties under KRS 353.750 to 353.776.
(6)The secretary of the Finance and Administration Cabinet shall serve as chair, and
the members of the authority shall elect a vice chair from their membership and
appoint a secretary.
(7)The secretary of the Finance and Administration Cabinet shall designate an
employee of his or her cabinet to serve as treasurer of the authority. The treasurer
shall give bond to the authority for a faithful accounting for all funds coming into
his or her custody, in the amount the authority may prescribe, drawn upon a surety
company qualified to do business in the Commonwealth. The premium shall be paid
by the Commonwealth.
(8)The authority shall establish and maintain an office and keep accurate and complete
records of the authority's actions and proceedings, which shall be available for
public inspection in accordance with KRS 61.870 to 61.884. The Finance and
Administration Cabinet shall provide the funds, staff, facilities, and materials
required by the authority in the conduct of its duties and functions.