KRS 319C.040: Meetings of board -- Quorum -- Employees -- Executive secretary to give

bond and manage moneys.

(1) The board shall meet at least twice annually and may meet at such other times as

necessary to complete the business required. A majority of the member s of the

board shall constitute a quorum for the transaction of business.

(2) The board may employ an executive secretary and such clerical or other assistants

as are necessary for the performance of its work and may make expenditures of its

funds for any purpose which in the opinion of the board is necessary for proper

performance of its duties, including compensation of the executive secretary and the

premium on his or her bond.

(3) The executive secretary or any other person so designated by the board sh all give

bond to the state in such sum as determined by the board, to be approved by the

State Treasurer for the faithful performance of his or her duties. The executive

secretary shall receive and account for all moneys derived under this chapter and

shall pay such moneys to the State Treasurer who shall maintain them in the manner

provided for other such agencies and boards of the Commonwealth.