Kentucky Statutes 7A.230 – Co-chairs of board — Meetings — Reimbursement of members — Employees and operating costs
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(1) The co-chairs of the Public Pension Oversight Board shall have joint responsibilities for board meeting agendas and presiding at board meetings.
(2) On an alternating basis, each co-chair shall have the first option to set the monthly meeting date. A monthly meeting may be canceled by agreement of both co-chairs. The board shall meet at least twice during each calendar year.
(3) Members of the board shall be entitled to reimbursement for expenses incurred in the performance of their duties.
(4) A majority of the entire membership of the Public Pension Oversight Board shall constitute a quorum, and all actions of the board shall be by vote of a majority of its entire membership.
(5) The Legislative Research Commission shall have exclusive jurisdiction over the employment of personnel necessary to carry out the provisions of KRS § 7A.200 to
7A.260. Staff and operating costs of the Public Pension Oversight Board shall be provided from the budget of the Legislative Research Commission.
Effective: July 1, 2013
History: Created 2013 Ky. Acts ch. 120, sec. 4, effective July 1, 2013.
(2) On an alternating basis, each co-chair shall have the first option to set the monthly meeting date. A monthly meeting may be canceled by agreement of both co-chairs. The board shall meet at least twice during each calendar year.
Terms Used In Kentucky Statutes 7A.230
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Oversight: Committee review of the activities of a Federal agency or program.
- Quorum: The number of legislators that must be present to do business.
- Year: means calendar year. See Kentucky Statutes 446.010
(3) Members of the board shall be entitled to reimbursement for expenses incurred in the performance of their duties.
(4) A majority of the entire membership of the Public Pension Oversight Board shall constitute a quorum, and all actions of the board shall be by vote of a majority of its entire membership.
(5) The Legislative Research Commission shall have exclusive jurisdiction over the employment of personnel necessary to carry out the provisions of KRS § 7A.200 to
7A.260. Staff and operating costs of the Public Pension Oversight Board shall be provided from the budget of the Legislative Research Commission.
Effective: July 1, 2013
History: Created 2013 Ky. Acts ch. 120, sec. 4, effective July 1, 2013.