66.513 Members of board -- Appointment -- Terms -- Bond.

173 words·~1 min read·/ky/chapter-66/66-513

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

(1)The board shall consist of five

(5)residents of the county who are thirty-five

years old or older and have gained excellent repute in the financial community. The

board's members (hereafter called trustees) shall have four

(4)year terms except as

stated in subsection (2). Trustees may serve successive terms. Trustees shall be

appointed by the county judge/executive with the consent of one-half (1/2) of the

members (including the county judge/executive) of the fiscal court.

(2)One

(1)of the initial terms shall be for one

(1)year. Two

(2)of the initial terms

shall be for two

(2)years. The two

(2)remaining initial terms shall be for four

years. Thereafter, all terms shall be for four

(4)years. Not more than three

(3)of the

initial trustees shall be affiliated with the same political party.

(3)The fiscal court may require bond of all trustees in such amounts as the court deems

proper. The cost of bonds shall be an administrative expense within the meaning of

KRS 66.537.