KRS 342.825: Investments.

The board shall formulate and adopt an investment policy that safeguards the value of all

assets and maximizes investment potential commensurate with risk and liquidity

restrictions, and supervise the investment activities of the authority subject to the

limitations on domestic insurance companies under KRS Chapter 304. Notwithstanding

any provisions of the Kentucky Revised Statutes to the contrary, the authority may utilize

the investment expertise and advice of the Office of Financial Management in the Finance

and Administration Cabinet. The authority shall also retain an independent investment

counsel or managers who shall be subject to standards applicable to fiduciaries

responsible for safeguarding assets of a corporation.