<br><br>66.513 Members of board -- Appointment -- Terms -- Bond. <br>(1) The board shall consist of five (5) residents of the county who are thirty-five (35) <br>years old or older and have gained excellent repute in the financial community. The <br>board's members (hereafter called trustees) shall have four (4) year terms except as <br>stated in subsection (2). Trustees may serve successive terms. Trustees shall be <br>appointed by the county judge/executive with the consent of one-half (1/2) of the <br>members (including the county judge/executive) of the fiscal court. <br>(2) One (1) of the initial terms shall be for one (1) year. Two (2) of the initial terms <br>shall be for two (2) years. The two (2) remaining initial terms shall be for four (4) <br>years. Thereafter, all terms shall be for four (4) years. Not more than three (3) of the <br>initial trustees shall be affiliated with the same political party. <br>(3) The fiscal court may require bond of all trustees in such amounts as the court deems <br>proper. The cost of bonds shall be an administrative expense within the meaning of <br>KRS 66.537. <br>History: Created 1966 Ky. Acts ch. 232, sec. 2. <br><br>