KRS 224A.150: Authority's bonds are permissible investments.

Revenue bonds and notes issued by the authority under the provisions of this chapter are

hereby declared and deemed to be securities in which all public officers and public bodies

of the Commonwealth 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 of the authority are h ereby declared

and determined to 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

state, for the purpose for which the deposit of bonds, notes, or ob ligations of the state is

now, or may hereafter be, authorized by law.