There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 95 CITY POLICE AND FIRE DEPARTMENTS
95.945 Allocation of charges for services.
Download pdfenjoying those services:
(a) Charges for investment services shall be allocated among the participants in direct proportion to their degree of ownership of the assets invested; (b) Charges for custodial services may include both an asset charge directly proportional to the degree of ownership of the assets held, and a fixed charge
associated with participation of any magnitude. (2) Charges for services which clearly benefit individual participants, such as accounting services or preparation of reports for individual participants, shall be
paid for by the individual participant. (3) The board shall approve all charges prior to payment. In no event shall charges pursuant to subsection (1)(a) of this section exceed one percent (1%) of the
principal amount of the fund. Effective: July 15, 1980
History: Created 1980 Ky. Acts ch. 307, sec. 12, effective July 15, 1980.
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