(A) The following requirements shall be met as a condition for conducting closed sessions by those public agencies authorized by § 37A.05(A) (1) and (4) except as (4) relates to students:
(1) Notice shall be given in regular open meetings of the general nature of the business to be discussed in closed session, the reason for the closed session, and the specific provisions of § 37A.05 authorizing the closed session;
(2) Closed sessions may be held only after a motion is made and carried by a majority vote in open, public session;
(3) No final action may be taken in closed session; and
(4) No matters may be discussed at a closed session other than those publicly announced prior to convening the closed session.
(B) Public agencies and activities identified in § 37A.05(A) paragraphs (2), (3), (4), but only so far as (4) relates to students, (5), (6), (7), (8), and (9) are excluded from the requirements of subsection (A) of this section. (KRS 61.815)