154.12.206 Duties of corporation.
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<![CDATA[ Page 1 of 2 154.12-206 Duties of corporation. The corporation shall have all of the powers necessary or convenient to carry out and <br>effectuate the purposes and provisions of this chapter, including, but not limited to the <br>following: <br>(1) To adopt bylaws for the regulation of its affairs and the conduct of its business and to prescribe rules, regulations, and policies in connection with the performance of <br>its function and duties; (2) To adopt an official seal; <br>(3) To sue and be sued in its own name; <br>(4) To make contracts and execute all instruments necessary or convenient for the conduct of its business; (5) To make, execute, and effectuate all agreements with any federal or state agency or any person, corporation, association, partnership, or other organization or entity <br>necessary to accomplish the purposes of this chapter; (6) To procure sufficient insurance coverage against any losses in connection with its property; (7) To accept any and all donations, grants, bequests, and devices, conditional or otherwise, of money, property, service, or other things of value which may be <br>received from the United States, or any agency thereof, any governmental agency, <br>an institution, person, firm, or corporation, public and private, to be held, used, or <br>applied solely for the purposes specified in KRS 154.12-204 to 154.12-208. Receipt <br>of each donation or grant shall be detailed in the annual report of the corporation. <br>Such reports shall include the identity of the donor and the nature of the transaction; (8) To collect and disseminate to interested individuals, in cooperation with and through any agencies of federal, state, and municipal government, information <br>concerning areas of present and projected employment need, programs of skills <br>training and education consistent therewith, and any other relevant information; (9) To provide grants-in-aid to educational institutions and business and industry to encourage and facilitate the formation of comprehensive cooperative relationships <br>between the public and private sectors which secure for such institutions the <br>information, technical assistance, and financial support necessary for the <br>development and significant expansion of programs of skills training and education <br>consistent with employment need; (10) To prepare, publish, and distribute, with or without charge as the corporation may determine, such technical studies, reports, bulletins, and other materials as it deems <br>appropriate; (11) To organize, conduct, or sponsor special institutes, conferences, demonstrations, and studies to effectuate the purposes of KRS 154.12-204 to 154.12-208; and (12) To certify or decertify skills training providers, both public and private, including their teachers and instructors as approved providers of skills training services for a <br>grant-in-aid. Effective: July 15, 1996 Page 2 of 2 History: Amended 1996 Ky. Acts ch. 194, sec. 19, effective July 15, 1996. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 392, effective July 13,1990. -- <br>Created 1984 Ky. Acts ch. 211, sec. 3, effective July 13, 1984. Formerly codified as KRS 157.730 ]]>