What is the maximum annual compensation a voting member of the Kentucky Board of Auctioneers can receive?

The maximum annual compensation for a voting member of the Kentucky Board of Auctioneers is established by law and is set at $6,000. This figure reflects the recognition of the responsibilities and the time commitment required for board members as they fulfill their duties, which include overseeing licensing, policy-making, and regulatory functions of auctioneers in the state. The specified amount serves as a limit to ensure that budgetary constraints are respected while also compensating members fairly for their service. Understanding this figure is crucial for prospective auctioneers and anyone involved in the auction industry in Kentucky, as it highlights the governance and administrative structure associated with the profession.