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