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353.754 Procedure and organization -- Regulations.
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If any officers of the authority whose signature, or a facsimile thereof, appears
on any bonds of the authority or on any other instruments or documents
pertaining to the functions of the authority ceases to be an officer before
delivery of the bonds, or before the effective date or occasion of the
instruments or documents, the signature or facsimile shall nevertheless be
valid for all purposes the same as if the officer had remained in office until the
delivery or effective date or occasion.
Any four (4) voting members of the authority shall constitute a quorum.
The authority shall meet not less than every twelve (12) months beginning no
later than ninety (90) days after June 20, 2005, and at such other times as it
may be called as provided in this section. Special meetings of the authority
may be called by the chair and, upon written request of two (2) members, the
chair shall call a special meeting of the authority to be held not later than
twenty (20) days following receipt of the written request. The chair shall give
notice through the secretary by any means agreed upon by the membership, at
least ten (10) days prior to the time of any meeting. The offices of the authority
shall be located in Frankfort, Kentucky.
The authority may adopt bylaws relating to its organization and internal
management and alter them at will. Through its bylaws, or by resolution, it shall
establish stated times and places for regular meetings and may provide for
meetings at other times or in different places. If a quorum is present at any
special meeting and it appears from the minutes that reasonable notice was
given to or waived by absent members, or if the minutes are subsequently
consented to by absent members, any business transacted or action taken at
the meeting shall be official and as valid in all respects as if transacted or taken
at a regular meeting.
The authority shall promulgate administrative regulations for the conducting of
its business and affairs including criteria for project eligibility, in accordance
with the provisions of KRS Chapter 13A.
Effective:June 20, 2005
History: Created 2005 Ky. Acts ch. 155, sec. 3, effective June 20, 2005.
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