{"data":{"id":"us-ky/krs-151b.455","jurisdiction":"us-ky","citation":"KRS 151B.455","heading":"Kentucky  Assistive Technology  Loan  Corporation -- Board  of","body":"directors -- Qualifications -- Appointment -- Terms -- Vacancy -- Removal.\n(1) The  Kentucky  Assistive Technology  Loan  Corporation is created and\nestablished as an independent de jure municipal corporation and political\nsubdivision of the  Commonwealth  of Kentucky  to perform essential\ngovernmental and public functions for the purpose of improving the quality of\nlife for disabled persons who are residents of the Commonwealth  of Kentucky\nby providing the ability to obtain low-interest loans to qualified borrowers for the\nacquisition of assistive technology.\n(2) The corporation shall be governed by a board of directors consisting of seven\n(7) members  as follows:\n(a) The  secretary of the Education and Labor Cabinet or the secretary's\ndesignated representative;\n(b) One  (1) attorney with lending expertise;\n(c) One  (1) representative of a financial lending institution; and\n(d) Four  (4) public members  with a knowledge of assistive technology\nrepresenting a range of disabilities.\n(3) All board members  shall be residents of the Commonwealth  of Kentucky and\nall, with the exception of the secretary or the secretary's designee, shall be\nappointed by the Governor. Each public member  shall be an individual with a\ndisability, a parent of an individual with a disability, or a legal representative of\nan individual with a disability. In making appointments the Governor shall seek\nrecommendations  from  disability-related associations and  organizations\nrepresenting the categories of disabilities for which appointments are being\nmade.\n(4) For  initial appointments to the board, two (2) public members  shall be\nappointed for terms of four (4) years each, two (2) public members  for terms of\nthree (3) years each, the attorney member  for a term of two (2) years, and the\nmember  representing a financial lending institution for a term of one (1) year.\nAll succeeding terms shall be for a period of four (4) years each, and each\nappointee shall serve for the appointed term and until a successor has been\nappointed and has duly qualified. No person shall serve more than two (2)\nsuccessive full terms.\n(5) If a vacancy on the board occurs, the Governor shall appoint a replacement\nwho  shall hold office during the remainder of the term vacated.\n(6) The  Governor may  remove  any board member  in case of incompetency,\nneglect of duties, gross immorality, or malfeasance in office, and may  upon\nremoval declare the position vacant and appoint a person to fill the vacancy as\nprovided in other cases of vacancy. If a board member  is so removed, he or\nshe may appeal. Upon appeal an administrative hearing shall be conducted in\naccordance with KRS Chapter 13B.","path":["KRS Chapter 151B"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=52351","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:47Z","sha256":"dd3b785c17617ca2f3f7e2f9e0493bc75d58b442648a9dd481b39c1c6b716cf5","source_id":"us-ky","stale":false,"prev":"us-ky/krs-151b.450","next":"us-ky/krs-151b.460"},"notice":"GroundRules: Original legal text. Not legal advice."}