(1) The State Investment Commission shall promulgate administrative regulations for the investment and reinvestment of state funds and the acquisition, retention, management, and disposition of investments.
(2) The regulations shall specify:

Terms Used In Kentucky Statutes 42.525

  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010

(a) The long and short term goals of any investment; (b) The specification of moneys to be invested;
(c) The amount of funds which may be invested per instrument; (d) The qualifications of instruments;
(e) The acceptable maturity of investments;
(f) The investment procedure with respect to in-state and out-of-state depositories provided that funds available for investment shall be offered first to qualified Kentucky depositories consistent with the investment guidelines; and
(g) The distribution method of funds among types of institutions.
Effective: May 30, 1997
History: Amended 1997 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 37, effective May 30,
1997. — Created 1982 Ky. Acts ch. 382, sec. 11, effective July 15, 1982.

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