KRS 198A.725: Advisory committee for trust fund.

(1) The corporation shall create an advisory committee for the trust fund consisting of

eleven (11) members appointed by the chairman of the board of directors of the

corporation.

(a) Three (3) members shall be appointed from representatives of each of the

following categories of organizations:

1. The Home Builders Association of Kentucky, the Kentucky

Manufactured Housing Institute, the Apartment Association, the

Kentucky Association of Realtors, the Kentucky State Building Trades

Council, the Mortgage Bankers Association of Kentucky, and the

Kentucky Bankers Association;

2. The Homeless and Housing Coalition of Kentucky, builders or nonprofit

housing organizations, support service providers, homeless persons, and

very low-income tenants; and

3. The Kentucky As sociation of Counties, the Kentucky League of Cities,

and agencies of state government.

(b) The remaining two (2) members appointed shall include one (1) member of

the Kentucky Senate and one (1) member of the Kentucky House of

Representatives.

(2) Upon organization of the advisory committee three (3) members shall continue in

office for three (3) years, three (3) members shall have two (2) year terms, and three

(3) members shall have a one (1) year term, as designated by the chairman of the

board of direct ors. Thereafter, all members appointed shall serve a three (3) year

term or until their successors are appointed and duly qualified. A vacancy on the

advisory committee shall be filled pursuant to the requirements and procedures for

original appointments. Members of the advisory committee may be reappointed one

(1) time.

(3) The advisory committee shall consult with and advise the officers and directors of

the corporation concerning matters relating to the trust fund.

(4) The advisory committee shall elect a presiding officer from its members and may

establish its own rules of procedure which shall not be inconsistent with the

provisions of this chapter.

(5) Members of the advisory committee shall serve without compensation. Members

who are not employees of the Commonwealth shall be entitled to reimbursement for

actual expenses incurred in carrying out their duties on the committee.