KRS 160.290: General powers and duties of board.

(1) Each board of education shall have general control and management of the public

schools in its district and may establish schools and provide for courses and other

services as it deems necessary for the promotion of education and the general health

and wel fare of pupils, consistent with the administrative regulations of the

Kentucky Board of Education. Each board shall have control and management of all

school funds and all public school property of its district and may use its funds and

property to promote public education. Each board shall exercise generally all

powers prescribed by law in the administration of its public school system, appoint

the superintendent of schools, and fix the compensation of employees.

(2) Each board shall make and adopt, and ma y amend or repeal, rules, regulations, and

bylaws for its meetings and proceedings for the management of the schools and

school property of the district, for the transaction of its business, and for the

qualification and duties of employees and the conduct of pupils. The rules,

regulations, and bylaws made by a board of education shall be consistent with the

general school laws of the state and shall be binding on the board of education and

parties dealing with it until amended or repealed by an affirmative vote of a

majority of the members of the board. The rules, regulations, and bylaws shall be

spread on the minutes of the board and be open to the public. The rules, regulations,

and bylaws may include the use of reverse auctions as defined in KRS 45A.070 in

the procurement of goods and leases.

(3) Local boards of education electing to enter into agreements pursuant to the

Interlocal Cooperation Act, KRS 65.210 to 65.300, with other local boards of

education to establish consortia to provide services in accordance with the Kentucky

Education Reform Act of 1990, 1990 Ky. Acts Ch. 476, may transfer real or

personal property to the consortia without receiving fair market value

compensation. The joint or cooperative action may employ employees transferred

from employment of a local board of education, and the employees shall retain their

eligibility for the Kentucky Teachers' Retirement System. The chief state school

officer, under administrative regulations of the Kentucky Board of Education, may

allot funding t o an interlocal cooperative board created by two (2) or more local

school districts pursuant to KRS 65.210 to 65.300 to provide educational services

for the mutual advantage of the students in the representative districts. All statutes

and administrative r egulations that apply to the use of these funds in local school

districts shall also apply to cooperative boards.