<br><br>66.540 Agreement of board and sinking fund commissioners of city for common <br>use of employees. <br>The board and the commissioners of any sinking fund of any city of the first class within <br>the county may make an agreement under KRS 65.210 to 65.300 or KRS 79.110 to <br>79.180 for the main purpose of having the employees of that sinking fund perform <br>functions relating to debt service, fiscal management, and investment of funds that would <br>otherwise be performed by employees of the board. Any such agreement shall be <br>construed and carried out in a manner which in no way impairs either the performance of <br>the employees' duties to the sinking fund or the assets of the sinking fund. Any such <br>agreement shall be deemed to be a covenant or condition of any obligation made by the <br>board during the existence of the agreement. <br>History: Created 1966 Ky. Acts ch. 232, sec. 6. <br><br>