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56.527 Revenues from bond projects, custody, investment, reports.

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56.527 Revenues from bond projects, custody, investment, reports. To the extent not inconsistent with the obligations and covenants of resolutions and trust <br>indentures pursuant to which bonds have previously been issued and are outstanding, <br>revenues from bond projects of all agencies of the state shall be paid into the State <br>Treasury through the cabinet and the cabinet may, in the best interest of the project, invest <br>and reinvest, or require a trustee to invest and reinvest, all funds held for the benefit of <br>the project. In all instances the cabinet may, by regulations promulgated and made <br>effective according to KRS Chapter 13A, require that all depositories, trustees, and other <br>agents make periodic reports to the cabinet concerning the status of and balances in such <br>funds, and the manner in which the same are invested and reinvested from time to time. History: Created 1964 Ky. Acts ch. 7, sec. 6.