There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 95 CITY POLICE AND FIRE DEPARTMENTS
95.920 Custodian of assets -- Duties.
Download pdf(a) Physical safekeeping of all securities;
(b) Collection of all income;
(c) Effecting all principal and income transactions;
(d) Maintenance of a complete set of accounting records, including reporting to the board and participants on the assets, earnings and activity of each pool of
the fund on a monthly basis, and reporting individual assets, earnings and
activity to each participant on a monthly basis; (e) Making principal payments to participants no later than forty-five (45) days after receipt of a request; and (f) Making available earnings to participants on a monthly basis, or returning earnings to the fund for reinvestment as directed by the participant. (2) The custodian may upon request of a participant perform optional services such as but not limited to the following:
(a) Make disbursements for the participant; and
(b) Prepare reports to beneficiaries or units of government. Effective: July 15, 1980
History: Created 1980 Ky. Acts ch. 307, sec. 7, effective July 15, 1980.
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