KRS 353.766: Status of authority bonds as securities.

Bonds issued by the authority are securities in which all public officers and public bodies,

agencies, and instrumentalities of this Commonwealth and its political subdivisions,

insurance companies, trust companies, bank associations, investment companies,

executors, administrators, trustees and other fiduciaries, and other persons who are

authorized to invest in bonds or similar obligations may invest funds. The bonds are

securities which may be deposited with any state or municipal officer or any agency o r

political subdivision of the Commonwealth for any purpose for which the deposit of

bonds or other obligations of the Commonwealth is authorized by law.