Kentucky Statutes 198A.750 – Rural Housing Trust Fund Advisory Committee
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(1) There is hereby created the Rural Housing Trust Fund Advisory Committee, which shall be composed of the following eleven (11) members:
(a) The Commissioner of Agriculture or the Commissioner’s duly appointed designee;
(b) Two (2) members of the Senate appointed by the President of the Senate, each of whom shall serve while a member of the Senate for the term for which he or she was elected;
(c) Two (2) members of the House of Representatives appointed by the Speaker of the House, each of whom shall serve while a member of the House of Representatives for the term for which he or she was elected; and
(d) Six (6) private citizens with a principal residence located in a rural community who shall be appointed by the board of directors of the corporation.
(2) (a) Members appointed under subsection (1)(d) of this section shall serve a three (3) year term or until their successors are appointed and duly qualified, and may be reappointed to one (1) additional term.
(b) A vacancy on the advisory committee shall be filled following the requirements and procedures for original appointments.
(3) The advisory committee shall consult with and advise the officers and directors of the corporation concerning matters relating to the rural housing trust fund.
(4) The Commissioner of Agriculture shall be the presiding officer, and the advisory committee may establish its own rules of procedure, which shall not be inconsistent with the housing provisions of this chapter.
(5) Members of the advisory committee shall serve without compensation, but members who are not employees of the Commonwealth shall be entitled to reimbursement for actual expenses incurred in carrying out their duties on the advisory committee.
Effective: March 24, 2023
History: Created 2023 Ky. Acts ch. 92, sec. 34, effective March 24, 2023.
Legislative Research Commission Note (3/24/2023). 2023 Ky. Acts ch. 92, sec. 54, provides that, for the initial terms of private citizens appointed under subsection (1)(d) of this statute, two members shall be appointed for a three-year term, two members shall be appointed for a two-year term, and two members shall be appointed for a one-year term.
(a) The Commissioner of Agriculture or the Commissioner’s duly appointed designee;
Terms Used In Kentucky Statutes 198A.750
- Commonwealth: means the Commonwealth of Kentucky. See Kentucky Statutes 198A.010
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: means the Kentucky Housing Corporation created by this chapter. See Kentucky Statutes 198A.010
- Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
- Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
- Statute: A law passed by a legislature.
- Year: means calendar year. See Kentucky Statutes 446.010
(b) Two (2) members of the Senate appointed by the President of the Senate, each of whom shall serve while a member of the Senate for the term for which he or she was elected;
(c) Two (2) members of the House of Representatives appointed by the Speaker of the House, each of whom shall serve while a member of the House of Representatives for the term for which he or she was elected; and
(d) Six (6) private citizens with a principal residence located in a rural community who shall be appointed by the board of directors of the corporation.
(2) (a) Members appointed under subsection (1)(d) of this section shall serve a three (3) year term or until their successors are appointed and duly qualified, and may be reappointed to one (1) additional term.
(b) A vacancy on the advisory committee shall be filled following the requirements and procedures for original appointments.
(3) The advisory committee shall consult with and advise the officers and directors of the corporation concerning matters relating to the rural housing trust fund.
(4) The Commissioner of Agriculture shall be the presiding officer, and the advisory committee may establish its own rules of procedure, which shall not be inconsistent with the housing provisions of this chapter.
(5) Members of the advisory committee shall serve without compensation, but members who are not employees of the Commonwealth shall be entitled to reimbursement for actual expenses incurred in carrying out their duties on the advisory committee.
Effective: March 24, 2023
History: Created 2023 Ky. Acts ch. 92, sec. 34, effective March 24, 2023.
Legislative Research Commission Note (3/24/2023). 2023 Ky. Acts ch. 92, sec. 54, provides that, for the initial terms of private citizens appointed under subsection (1)(d) of this statute, two members shall be appointed for a three-year term, two members shall be appointed for a two-year term, and two members shall be appointed for a one-year term.