KRS 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

established for that purpose by the board of trustees. The board of trustees shall be

responsible for the approval and administration of the expense fund budget, subj ect to the

limitations imposed by KRS 161.420(1). Expenses for the operation of the retirement

system shall be in such amounts as the board of trustees approves. The board of trustees is

authorized to purchase or lease suitable office quarters for the oper ation of the retirement

system.