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95.873 Investments by board -- Employment of consultants.

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95.873 Investments by board -- Employment of consultants. The board may invest the moneys accruing to the fund, in interest-bearing bonds of any <br>county, urban-county government or city of the first, second, or third class in this state, or <br>in any securities in which trustees are permitted to invest trust funds under the laws of <br>this state including participation in a local government pension investment fund created <br>pursuant to KRS 95.895. Such bonds shall be registered in the name of the board to the <br>extent possible. The securities acquired by the board shall be subject to the order of the <br>board. The board may, at its own cost, employ or engage consultants to provide <br>investment advice to aid the board in its determinations. Effective: July 15, 1980 <br>History: Amended 1980 Ky. Acts ch. 307, sec. 17, effective July 15, 1980. -- Amended 1974 Ky. Acts ch. 396, sec. 10. -- Created 1956 Ky. Acts ch. 16, sec. 23, effective <br>July 1, 1956.