KRS 341.296: Investment of administration fund.

Such money in the unemployment compensation administration fund collected under

KRS 341.295, shall be invested by the State Treasurer in bonds and other interest -bearing

obligations of the United States of America, in such amounts, and in such of the securities

herein authorized, as the secretary may in his discretion prescribe and direct; provided,

however, such fund as may be accumulated under the above section may be invested by

the Sinking Fund Commission, upon the request of the secretary, in revenue b onds issued

by the State Property and Buildings Commission. The State Treasurer shall dispose of

securities or other property belonging to such fund only under the direction of the

secretary.