KRS 42.520: Priority for assignment of public funds.

(1) The State Investment Commission shall assign public funds to public depositories

by priority based on evidence that the public depository serves the convenience and

economic development needs of the communities in which they are chartered to do

business. T he convenience and needs of communities shall include the need for

credit services as well as deposit services.

(2) The State Investment Commission shall only assign priorities to public depositories

on the basis of compliance with regulations promulgated pursuant to KRS Chapter

13A.