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Kentucky · Snapshot 09/05/2026

KRS 151B.455: Kentucky Assistive Technology Loan Corporation -- Board of

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Where this section sits in the code
  1. KRS Chapter 151B

directors -- Qualifications -- Appointment -- Terms -- Vacancy -- Removal.

(1) The Kentucky Assistive Technology Loan Corporation is created and

established as an independent de jure municipal corporation and political

subdivision of the Commonwealth of Kentucky to perform essential

governmental and public functions for the purpose of improving the quality of

life for disabled persons who are residents of the Commonwealth of Kentucky

by providing the ability to obtain low-interest loans to qualified borrowers for the

acquisition of assistive technology.

(2) The corporation shall be governed by a board of directors consisting of seven

(7) members as follows:

(a) The secretary of the Education and Labor Cabinet or the secretary's

designated representative;

(b) One (1) attorney with lending expertise;

(c) One (1) representative of a financial lending institution; and

(d) Four (4) public members with a knowledge of assistive technology

representing a range of disabilities.

(3) All board members shall be residents of the Commonwealth of Kentucky and

all, with the exception of the secretary or the secretary's designee, shall be

appointed by the Governor. Each public member shall be an individual with a

disability, a parent of an individual with a disability, or a legal representative of

an individual with a disability. In making appointments the Governor shall seek

recommendations from disability-related associations and organizations

representing the categories of disabilities for which appointments are being

made.

(4) For initial appointments to the board, two (2) public members shall be

appointed for terms of four (4) years each, two (2) public members for terms of

three (3) years each, the attorney member for a term of two (2) years, and the

member representing a financial lending institution for a term of one (1) year.

All succeeding terms shall be for a period of four (4) years each, and each

appointee shall serve for the appointed term and until a successor has been

appointed and has duly qualified. No person shall serve more than two (2)

successive full terms.

(5) If a vacancy on the board occurs, the Governor shall appoint a replacement

who shall hold office during the remainder of the term vacated.

(6) The Governor may remove any board member in case of incompetency,

neglect of duties, gross immorality, or malfeasance in office, and may upon

removal declare the position vacant and appoint a person to fill the vacancy as

provided in other cases of vacancy. If a board member is so removed, he or

she may appeal. Upon appeal an administrative hearing shall be conducted in

accordance with KRS Chapter 13B.

Collected 2026-09-05T20:50:47Z. Source file · JSON

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