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175B.085 Project revenue bonds are authorized investment securities.

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Page 1 of 1 175B.085 Project revenue bonds are authorized investment securities. Project revenue bonds issued by an authority under this chapter shall be securities in <br>which all public officers and public bodies of the Commonwealth and its political <br>subdivisions, all insurance companies, trust companies, banking associations, investment <br>companies, executors, trustees and other fiduciaries, and all other persons who are <br>authorized to invest in bonds or other similar obligations, including capital in their <br>control or belonging to them, are authorized to invest. The project revenue bonds shall be <br>securities which may properly and legally be deposited with and received by any state or <br>municipal officer or any agency or political subdivision of the Commonwealth for any <br>purpose for which the deposit of bonds or other obligations of the Commonwealth is now <br>or may hereafter be authorized by law. Effective: June 26, 2009 <br>History: Created 2009 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 91, effective June 26, 2009.