KRS 154.12-206: Duties of corporation.

The corporation shall have all of the powers necessary or convenient to carry out and

effectuate the purposes and provisions of this chapter, including, but not limited to the

following:

(1) To adopt bylaws for the regulation of its affairs and the conduct of its business and

to prescribe rules, regulations, and policies in connection with the performance of

its function and duties;

(2) To adopt an official seal;

(3) To sue and be sued in its own name;

(4) To make contracts and execute all instruments neces sary or convenient for the

conduct of its business;

(5) To make, execute, and effectuate all agreements with any federal or state agency or

any person, corporation, association, partnership, or other organization or entity

necessary to accomplish the purposes of this chapter;

(6) To procure sufficient insurance coverage against any losses in connection with its

property;

(7) To accept any and all donations, grants, bequests, and devices, conditional or

otherwise, of money, property, service, or other things of value which may be

received from the United States, or any agency thereof, any governmental agency,

an institution, person, firm, or corporation, public and private, to be held, used, or

applied solely for the purposes specified in KRS 154.12-204 to 154.12-208. Receipt

of each donation or grant shall be detailed in the annual report of the corporation.

Such reports shall include the identity of the donor and the nature of the transaction;

(8) To collect and disseminate to interested individuals, in coop eration with and

through any agencies of federal, state, and municipal government, information

concerning areas of present and projected employment need, programs of skills

training and education consistent therewith, and any other relevant information;

(9) To provide grants -in-aid to educational institutions and approved companies to

encourage and facilitate the formation of comprehensive cooperative relationships

between the public and private sectors which secure for such institutions the

information, te chnical assistance, and financial support necessary for the

development and significant expansion of programs of skills training and education

consistent with employment need;

(10) To prepare, publish, and distribute, with or without charge as the corporat ion may

determine, such technical studies, reports, bulletins, and other materials as it deems

appropriate; and

(11) To organize, conduct, or sponsor special institutes, conferences, demonstrations,

and studies to effectuate the purposes of KRS 154.12-204 to 154.12-208.