KRS 65.570: Compensation of members -- Employees -- Duties of secretary -treasurer --

Effect of compact.

(1) Members of the authority shall serve without compensation but shall be reimbursed

for any actual and necessary expenses incurred by them in the conduct of t he affairs

of the authority. The authority shall, upon the appointment of its members, organize

and elect officers. The authority shall choose a chairman and vice chairman who

shall serve for terms of one (1) year. The authority may fix a salary for the

secretary-treasurer, and the secretary -treasurer shall execute an official bond to be

set and approved by the authority, and the cost thereof shall be paid by the authority.

(2) The authority may employ or retain necessary counsel, agents, employees, or othe r

persons to carry out its purposes, work, and functions and may prescribe such rules

and regulations as it deems necessary.

(3) The secretary-treasurer shall keep the minutes of all meetings of the authority and

shall also keep a set of books showing the receipts and expenditures of the

authority. He shall preserve on file duplicate vouchers for all expenditures and shall

present to the authority, upon request, complete reports of all financial transactions

and the financial condition of the authority. Suc h books and vouchers shall at all

times be subject to examination by the legislative body or bodies by whom the

authority was created. He shall transmit at least once annually a detailed report of

all acts and doings of the authority to the legislative bod y or bodies by whom the

authority was created.

(4) Notwithstanding subsection (1) of this section, when a city of the first class and a

county containing such city have in effect a compact under KRS 79.310 to 79.330,

the secretary-treasurer or executive di rector, as the case may be, shall be appointed

by and serve at the pleasure of the county judge/executive with the approval of the

fiscal court as provided in KRS 67.040; fiscal court shall fix the salary. Upon the

establishment of a consolidated local gov ernment in a county where a city of the

first class and a county containing that city have had in effect a cooperative compact

pursuant to KRS 79.310 to 79.330, the secretary -treasurer or executive director, as

the case may be, shall be appointed by and shall serve at the pleasure of the mayor.