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161.440 Assignment of interest to funds.

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161.440 Assignment of interest to funds. At the end of each fiscal year the board of trustees shall assign from the guarantee fund <br>interest at the regular interest rate to the teachers' savings fund, the state accumulation <br>fund, and the allowance reserve fund. The amounts so allowed shall be due and payable <br>to the funds and shall be annually credited thereto by the board of trustees from interest <br>and other earnings on money of the retirement system. Effective: June 27, 2008 <br>History: Amended 2008 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 33, effective June 27, 2008. -- Amended 2002 Ky. Acts ch. 275, sec. 10, effective July 1, 2002. -- Amended <br>1990 Ky. Acts ch. 442, sec. 3, effective July 1, 1990; and ch. 476, Pt. V, sec. 500, <br>effective July 13, 1990. -- Amended 1984 Ky. Acts ch. 253, sec. 8, effective July 1, <br>1984. -- Amended 1964 Ky. Acts ch. 43, sec. 6. -- Recodified 1942 Ky. Acts ch. 208, <br>sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4506b-23. Legislative Research Commission Note (7/13/90). The Act amending this section prevails over the repeal and reenactment in House Bill 940, Acts Ch. 476, pursuant to <br>Section 653(1) of Acts Ch. 476.