KRS 164A.140: Public agencies, political subdivisions and others may invest in the

securities issued by the corporation.

Obligations issued under the provisions of this chapter are hereby made securities in

which all public officers and public bodies of the Common wealth and its political

subdivisions, all insurance companies, trust companies, banking associations, investment

companies, executors, administrators, trustees and other fiduciaries may properly and

legally invest funds, including capital in their control or belonging to them. Such

obligations are hereby made securities which may properly and legally be deposited with

and received by any state or municipal officer or any agency or political subdivision of

the Commonwealth for any purpose for which the depo sit of bonds, notes or obligations

of the state is now or may hereafter be authorized by law.