KRS 441.660: Status of authority's bonds as investments.

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

agencies and instrumentalities of the Commonwealth and its political subdivisions, all

insurance companies, trust companies, bank associations, investment companie s,

executors, administrators, trustees and other fiduciaries, and all other persons whatsoever

who are now or may hereafter be authorized to invest in bonds or other obligations of a

similar nature may properly and legally invest funds, including capital i n their control or

belonging to them. Such bonds are securities which may properly and legally be

deposited with and received by any state or municipal officer or any agency or political

subdivision of the Commonwealth for any purpose for which the deposi t of bonds or

other obligations of the Commonwealth is now or may hereafter be authorized by law.