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

Project revenue bonds issued by an authority under this chapter shall be securities in

which all public officers and public bodies of the Commonwealth and its political

subdivisions, all insurance companies, trust companies, banking associations, investmen t

companies, executors, trustees and other fiduciaries, and all other persons who are

authorized to invest in bonds or other similar obligations, including capital in their

control or belonging to them, are authorized to invest. The project revenue bonds s hall be

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 deposit of bonds or other obligations of the Commonw ealth is now

or may hereafter be authorized by law.