2006 Kentucky Revised Statutes - .260   Officers of board -- Surety bond for secretary-treasurer.

322.260 Officers of board -- Surety bond for secretary-treasurer. (1) Every year the board shall elect a chairman, a vice chairman, and a secretary- treasurer. (2) The secretary-treasurer or any other officer or designee required to handle expenditures or disburse funds of the board shall give a surety bond to the board in a sum determined by the board. The premium on the bond shall be paid as a proper, necessary expense of the board. Effective: January 1, 1999 History: Amended 1998 Ky. Acts ch. 214, sec. 23, effective January 1, 1999. -- Amended 1972 Ky. Acts ch. 148, sec. 19. -- Amended 1946 Ky. Acts ch. 27, sec. 9. - - Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 1599e-7, 1599e-9.