{"data":{"id":"us-ky/krs-96a.070","jurisdiction":"us-ky","citation":"KRS 96A.070","heading":"Board officers, executive committee, director, employees -- Effect of","body":"compact -- Appointment of executive director or secretary -treasurer upon\nestablishment of consolidated local government.\n(1) The board shall, within sixty (60) days after the appoin tment of its entire initial\nmembership, and thereafter in July of each year, elect from its members a chairman\nand a vice chairman. It may, in its discretion, employ an executive director and a\nsecretary-treasurer, neither of whom shall be a member of the board; provided,\nhowever, if the creation and establishment of the authority is shown by the\nprovisions of the proceedings or joint proceedings to have been undertaken only on\na standby basis, the board may defer the employment of an executive director and\nmay, on an interim basis, designate a secretary-treasurer from its own membership.\n(2) The board may, in its discretion, employ necessary legal counsel and other agents\nand employees to carry out its work and functions, and may from time to time\nprescribe and alter such rules and regulations as it may deem necessary.\n(3) The executive director, if and when employed in the discretion of the board, shall be\nexperienced and knowledgeable in the field of transportation; and if and when\nemployed, such executive  director shall be the chief executive officer of the\nauthority, having such powers and duties as the board may prescribe. Such\nexecutive director may recommend the establishment or alteration of rules and\nregulations, and of rates and charges for use of t he services and facilities of the\nmass transportation system of the authority; but action in such respects, and in the\nissuance of revenue bonds or mortgage bonds of the authority, and in requesting the\nissuance of general obligation bonds by other public bodies for the benefit of the\nauthority, and in authorizing leases of the properties of the authority for financing\npurposes, shall be taken by the board, or by the executive committee of the board if\nproperly thereunto authorized.\n(4) The secretary-treasurer shall keep the minutes of all meetings of the board, and shall\nalso keep a set of books showing the receipts and expenditures of the board. He or\nshe shall preserve on file duplicate vouchers for all expenditures and shall present to\nthe board, upon re quest, complete reports of all financial transactions and the\nfinancial condition of the board. Such books and vouchers shall at all times be\nsubject to examination by the governing body of any public body by which the\nauthority was created or enlarged. He  or she shall transmit at least once annually a\ndetailed report of all acts and doings of the board to the public body or bodies by\nwhom the board was created. He or she shall cause all moneys of the authority\ncoming into his or her hands to be deposited i n one (1) or more financial\ninstitutions, as designated from time to time by the board.\n(5) The board shall require its secretary -treasurer, and its executive director, if and\nwhen such executive director shall be employed, each to execute bond in favor of\nthe authority, in such respective penal sums as the board may fix, in favor of the\nauthority, and conditioned upon faithful performance of the duties of such offices\nand full accounting to the authority. Each such bond shall be with corporate surety,\nprovided by a corporate surety company qualified to transact business in Kentucky\nand approved, in each instance, by the board. The board may in like manner require\nsimilar bonds, with corporate surety, to be given by other officers, agents, and\nemployees in s uch manner and in such penal sums, as it may specify from time to\ntime. Premiums payable to sureties upon such bonds shall be paid by the authority\nand may be chargeable as an operating expense of the authority.\n(6) The board shall fix the salaries, wages,  or other compensation of the officers,\nagents, and employees whom it may engage from time to time; in each case within\nsuch limitations, if any, as may be prescribed in the proceedings or joint\nproceedings set forth in the establishment of the authority, or as such proceedings\nmay be amended; but such salaries, wages, or other compensation shall constitute\nobligation of the authority only, and shall be payable from the authority's revenues\nand any other available resources, and shall not constitute obligat ions of any city or\ncounty participating in the creation and establishment, or subsequent enlargement,\nof the authority.\n(7) The board may, by resolution duly adopted and spread at large upon its public\nrecords, establish an executive committee, composed o f such members of the board\nas may be specified in such resolution, and may authorize such executive committee\nto exercise in intervals between board meetings any powers of the board except\nthose powers which are expressly required by this chapter or by ot her controlling\nprovisions of law to be exercised by the board.\n(8) The board may create such other committees of its members as it may deem\nnecessary or proper; but the same shall be advisory in nature and shall report to the\nboard or to the executive com mittee, and shall not be authorized to take any\nindependent action except in such advisory capacity.\n(9) Notwithstanding other provisions of this section, when a city of the first class and a\ncounty containing such city have in effect a compact under KRS 7 9.310 to 79.330,\nthe executive director and a secretary -treasurer or any individual, corporation, or\npartnership, either by contract or employment, who serves as executive director or\nsecretary-treasurer in the management of the affairs of the board, shall  be appointed\nby and serve at the joint pleasure of the mayor, and the county judge/executive with\nthe approval of fiscal court pursuant to KRS 67.040. Upon the establishment of a\nconsolidated local government in a county in which a city of the first class  and a\ncounty containing the city have had in effect a cooperative compact under KRS\n79.310 to 79.330, an executive director or secretary -treasurer shall be appointed by,\nand shall serve at the pleasure of, the mayor.","path":["KRS Chapter 96A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=26328","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:59Z","sha256":"16a5ad29bfef2a50df24e88398c8cd05f662dd3b2b50133fa360f07aaa1ae2cb","source_id":"us-ky","stale":false,"prev":"us-ky/krs-96a.060","next":"us-ky/krs-96a.080"},"notice":"GroundRules: Original legal text. Not legal advice."}