175B.085 Project revenue bonds are authorized investment securities. - Kentucky Statutes

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Page 1 of 1 175B.085 Project revenue bonds are authorized investment securities. Project revenue bonds issued by an authority under this chapter shall be securities in
which all public officers and public bodies of the Commonwealth and its political
subdivisions, all insurance companies, trust companies, banking associations, investment
companies, executors, trustees and other fiduciaries, and all other persons who are
authorized to invest in bonds or other similar obligations, including capital in their
control or belonging to them, are authorized to invest. The project revenue bonds shall be
securities which may properly and legally be deposited with and received by any state or
municipal officer or any agency or political subdivision of the Commonwealth for any
purpose for which the deposit of bonds or other obligations of the Commonwealth is now
or may hereafter be authorized by law. Effective: June 26, 2009
History: Created 2009 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 91, effective June 26, 2009.