KRS 154.90-020: Executive director -- Use of revenues -- Annual audit.

(1) The Northern Kentucky Convention Center Corporation may appoint an executive

director, who shall hold office at its pleasure. The executive director shall act under

the direction of the board of the corporation in employing necessary staff to perform

its duties and exercise its powers as assigned by KRS 154.90-015.

(2) The executive director shall keep all minutes, records, and orders of the corporation,

and shall be responsible for the preservation of all the documents, which are public

records subject to KRS 61.870 to 61.884.

(3) All revenues derived by the corporation from the use of the Northern Kentucky

Convention Center, or contributions to the Northern Kentucky Convention Center

from other sources as authorized in KRS 154.90 -015 shall be used solely t o defray

the expenses of the Northern Kentucky Convention Center, including payment on

debt; the cost of management and operation of its facilities; the creation of an

adequate reserve for repair, replacement, debt service, and capital improvements;

the pr ocurance of insurance; and promotional activities. Any additional revenues

derived by the corporation from any other source shall similarly be used solely for

the purposes enumerated in this section. An annual audit of all funds of the

corporation and its affiliated entities, if any, shall be made by the State Auditor of

Public Accounts, and reported to the Governor.