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147B.100 Governor's Financial Policy Council -- Purpose -- Members -Meetings -- Reimbursement.
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There is recognized as established the Governor's Financial Policy Council.
The purpose of the council shall be to advise the Governor on economic and
financial matters relating to revenue, budgetary, and financial management
policies.
The council shall consist of the secretary of Finance and Administration
Cabinet, the state budget director, and four (4) at-large members, appointed by
the Governor, who shall be persons that are knowledgeable by reason of their
experience and academic training, in the fields of business, financial
management or public policy. The Governor shall designate one (1) of the four
(4) at-large members to serve as chairman of the council.
The terms of the at-large members shall coincide with the elected term of the
Governor who appointed them. Vacancies in the at-large membership of the
council shall be filled by appointment by the Governor for the unexpired portion
of the vacated member's term.
The council shall meet at least annually and shall hold other meetings deemed
necessary by a majority of the membership or when requested by the
Governor.
The members of the Governor's council shall serve without compensation for
their services but shall be reimbursed, subject to the provisions of KRS 45.101
and state travel regulations, for all actual and necessary expenses incurred in
the performance of their duties as members of the council.
Effective:June 20, 2005
History: Amended 2005 Ky. Acts ch. 85, sec. 563, effective June 20, 2005. -Created 1986 Ky. Acts ch. 370, sec. 1, effective July 15, 1986.
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