<br><br> <br>Page 1 of 1 <br>42.520 Priority for assignment of public funds. <br>(1) The State Investment Commission shall assign public funds to public depositories <br>by priority based on evidence that the public depository serves the convenience and <br>economic development needs of the communities in which they are chartered to do <br>business. The convenience and needs of communities shall include the need for <br>credit services as well as deposit services. <br>(2) The State Investment Commission shall only assign priorities to public depositories <br>on the basis of compliance with regulations promulgated pursuant to KRS Chapter <br>13A. <br>Effective: July 15, 1996 <br>History: Amended 1996 Ky. Acts ch. 208, sec. 2, effective July 15, 1996. -- Amended <br>1994 Ky. Acts ch. 276, sec. 8, effective July 15, 1994. -- Created 1982 Ky. Acts <br>ch. 382, sec. 10, effective July 15, 1982. <br><br>