KRS 158.796: Governor's Scholars Program -- Purpose -- Governor's Scholars

Program, Inc. -- Board of directors -- Funding -- Reports.

(1) The Governor's Scholars Program is established to implement an enrichment

program for academically gifted students to enhance the next generation of

civic and economic leaders and create models of educational excellence.

Governor's Scholars Program, Inc. is authorized to operate the Governor's

Scholars Program. The Governor's Scholars Program shall be attached to the

Office of the Secretary in the Education and Labor Cabinet for administrative

purposes.

(2) (a) The Governor or the Governor's designee from the executive cabinet, the

commissioner of education, and the president of the Council on

Postsecondary Education shall serve as ex officio voting members of the

board of directors of Governor's Scholars Program, Inc. In addition, the

Governor shall appoint five (5) members of the board as provided in

paragraph (b) of this subsection. Other board members of Governor's

Scholars Program, Inc. shall be selected in the manner set forth in the

articles of incorporation and bylaws of the corporation.

(b) After June 20, 2005, the Governor shall appoint board members as

follows:

1. In 2005, the Governor shall appoint two (2) board members to serve

three (3) year terms;

2. In 2006, the Governor shall appoint two (2) members to serve three

(3) year terms; and

3. In 2007, the Governor shall appoint one (1) member to serve a three

(3) year term.

Members appointed by the Governor may be reappointed by the

Governor to serve successive terms. In making gubernatorial

appointments, the Governor shall consider recommendations and

information provided by the nominating committee of the board and shall

attempt to promote geographic balance on the board. One (1) of the

gubernatorial appointees shall be designated by the board to serve on the

committee that functions as the executive committee of Governor's

Scholars Program, Inc. The Governor shall make appointments to fill

gubernatorial vacancies as they occur. Each appointment after the initial

appointment shall be for a three (3) year term unless the appointment is

to fill the unexpired portion of a term.

(c) The board of directors shall have the authority to hire, fire, and manage

all program personnel, including the executive director.

(3) The annual appropriation for the Governor's Scholars Program from the

general fund shall be transmitted to Governor's Scholars Program, Inc. on July

1 of each year to facilitate the operation of the summer program. Funds shall

be used only for the purposes of the Governor's Scholars Program and shall

not lapse at the end of the fiscal year.

(4) (a) Governor's Scholars Program, Inc. shall follow standard accounting

practices and shall submit the following financial reports to the Office of

the Governor, the Finance and Administration Cabinet, and the

Legislative Research Commission:

1. Quarterly reports of expenditures of state funds, submitted on or

before the thirtieth day after the end of each quarter in the

corporation's fiscal year;

2. Annual reports of receipts and expenditures for the Governor's

Scholars Program, submitted on or before the sixtieth day after the

end of the fiscal year of the corporation; and

3. The report of an annual financial audit conducted by an independent

auditor, submitted on or before September 1 of each year.

(b) On or before March 1 of each year, Governor's Scholars Program, Inc.

shall file with the Office of the Governor, the Finance and Administration

Cabinet, and the Legislative Research Commission a report detailing the

operations of the Governor's Scholars Program for the preceding year.

The report shall include information concerning the summer program,

student and faculty demographics, and program outcomes according to

such measures of success as the board may adopt.