Statutes > Kentucky Statutes > CHAPTER 161 SCHOOL EMPLOYEES -- TEACHERS' RETIREMENT AND TENURE > 161.330 Cost of administration, how paid -- Office space.

161.330 Cost of administration, how paid -- Office space.

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161.330 Cost of administration, how paid -- Office space. The cost of administration of the retirement system shall be paid out of the expense fund <br>established for that purpose by the board of trustees. The board of trustees shall be <br>responsible for the approval and administration of the expense fund budget, subject to the <br>limitations imposed by KRS 161.420(1). Expenses for the operation of the retirement <br>system shall be in such amounts as the board of trustees approves. The board of trustees is <br>authorized to purchase or lease suitable office quarters for the operation of the retirement <br>system. Effective: July 13, 1990 <br>History: Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 492, effective July 13, 1990. -- Amended 1984 Ky. Acts ch. 253, sec. 4, effective July 1, 1984. -- <br>Amended 1972 Ky. Acts ch. 82, sec. 6. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, <br>effective October 1, 1942, from Ky. Stat. sec. 4506b-14.