95.600 Pension fund investment.
The board of trustees in cities of the third class may draw the pension fund from the <br>treasury and shall invest it, in whole or in part, in the name of the board or nominee name <br>as provided by KRS 286.3-225, as the board deems most advantageous for the objects of <br>the fund, in interest-bearing bonds of any county, or any city of the first, second or third <br>class in this state, or in any securities in which trustees are permitted to invest trust funds <br>under the laws of this state, including a local government pension investment fund <br>created pursuant to KRS 95.895. The securities shall be subject to the order of the board.
Effective: July 15, 1980 <br>History: Amended 1980 Ky. Acts ch. 307, sec. 13, effective July 15, 1980. -- Amended
1966 Ky. Acts ch. 255, sec. 108. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, <br>effective October 1, 1942, from Ky. Stat. secs. 3142b-4, 3142b-7, 3351a-4, 3351a-7.
Legislative Research Commission Note (7/12/2006). 2006 Ky. Acts ch. 247 instructs
the Reviser of Statutes to adjust KRS references throughout the statutes to conform <br>with the 2006 renumbering of the Financial Services Code, KRS Chapter 286. Such <br>an adjustment has been made in this statute.
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