KRS 177.520: Turnpike bonds valid for purposes of investment or collateral.

Bonds issued by the department under the provisions of KRS 177.390 to 177.570 are

hereby made securities in which all public officers and public bodies, agencies and

instrumentalities of the Commonwealth and its political subdivisions, all insurance

companies, trust companies, banking associations, investment companies, executors,

administrators, trustees and other fiduciaries, and all other persons whatsoever who are

now or may hereafter be authorized to invest in bonds or other obligations of a similar

nature may properly and legally invest funds, including capital in their control or

belonging to them. Such bonds 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 deposit of

bonds or other obligations of the Commonwealth is now or may hereafter be authorized

by law.