KRS 224A.170: Authority's money deemed to be trust fund.

Notwithstanding any other provisions of law to the contrary, all moneys, funds,

properties, and assets acquired by the authority, pursuant to this chapter, whether as

proceeds from the sale of authority revenue bonds or notes, or as authority revenues, or

otherwise, shall be deemed to be trust funds, to be held and applied solely as provided by

this chapter; and same shall be held by the authority in trust for the purposes of carrying

out its powers and duties and for the payment of the authority's revenue bonds or notes,

both as to principal and interest, and shall be used and reused as provided in this chapter

and shall at no time be deemed to be public funds of the Commonwealth, or of any

agency or department thereof. The resolutions of the authority auth orizing any revenue

bonds or notes, or any trust indenture securing the same, may provide that any such

moneys, funds, properties, and assets may be temporarily invested pending the

disbursement thereof, and shall provide that any officer with whom, or any bank or trust

company with which, any moneys shall be deposited, shall act as trustee of such assets

and shall hold and apply the same for the purposes of this chapter, subject to such

conditions, restrictions, requirements, limitations, and mandatory inv estment procedures

and requirements as this chapter, and such authorizing resolutions of the authority, or

trust indenture, may provide. Any such moneys, funds, properties, and assets or any other

moneys of the authority may be invested as provided by KRS 386.020, in addition to such

provisions for investment as may be enacted by resolution of the authority.