KRS 147B.100: Governor's Financial Policy Council -- Purpose -- Members -- Meetings --

Reimbursement.

(1) There is recognized as established the Governor's Financial Policy Council. The

purpose of the council shall be to advise the Governor on economic and financi al

matters relating to revenue, budgetary, and financial management policies.

(2) The council shall consist of the secretary of Finance and Administration Cabinet,

the state budget director, and four (4) at-large members, appointed by the Governor,

who sha ll be persons that are knowledgeable by reason of their experience and

academic training, in the fields of business, financial management or public policy.

The Governor shall designate one (1) of the four (4) at -large members to serve as

chairman of the council.

(3) The terms of the at -large members shall coincide with the elected term of the

Governor who appointed them. Vacancies in the at-large membership of the council

shall be filled by appointment by the Governor for the unexpired portion of the

vacated member's term.

(4) The council shall meet at least annually and shall hold other meetings deemed

necessary by a majority of the membership or when requested by the Governor.

(5) The members of the Governor's council shall serve without compensation for t heir

services but shall be reimbursed, subject to the provisions of KRS 45.101 and state

travel regulations, for all actual and necessary expenses incurred in the performance

of their duties as members of the council.