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42.525 Authority to promulgate administrative regulations.

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Page 1 of 1 42.525 Authority to promulgate administrative regulations. (1) The State Investment Commission shall promulgate administrative regulations for the investment and reinvestment of state funds and the acquisition, retention, <br>management, and disposition of investments. (2) The regulations shall specify: (a) The long and short term goals of any investment; <br>(b) The specification of moneys to be invested; <br>(c) The amount of funds which may be invested per instrument; <br>(d) The qualifications of instruments; <br>(e) The acceptable maturity of investments; <br>(f) The investment procedure with respect to in-state and out-of-state depositories provided that funds available for investment shall be offered first to qualified <br>Kentucky depositories consistent with the investment guidelines; and (g) The distribution method of funds among types of institutions. Effective: May 30, 1997 <br>History: Amended 1997 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 37, effective May 30, 1997. -- Created 1982 Ky. Acts ch. 382, sec. 11, effective July 15, 1982.