67A.570 Investments. - Kentucky Statutes

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67A.570 Investments. The board may invest the moneys accruing to the fund, in interest-bearing bonds of any
county, urban-county government or city of the first, second, or third class in this
Commonwealth, or in any securities in which trustees are permitted to invest trust funds
under the laws of this Commonwealth, or in international or other securities as permitted
under federal law. Such bonds shall be registered in the name of the board to the extent
possible. The securities acquired by the board shall be deposited with the commissioner
of finance and shall be subject to the order of the board. The board may at the cost of the
pension fund employ or engage consultants to provide investment advice to aid the board
in its determinations. Effective: April 4, 2006
History: Amended 2006 Ky. Acts ch. 144, sec. 11, effective April 4, 2006. -- Amended 1990 Ky. Acts ch. 189, sec. 7, effective July 13, 1990. -- Amended 1984 Ky. Acts
ch. 24, sec. 5, effective July 13, 1984. -- Created 1974 Ky. Acts ch. 106, sec. 22,
effective July 1, 1974.