KRS 62.080: Liability for public funds placed in depository.

All persons required by law to give bonds for the discharge or performance of any public

or fiducial office, trust or employment are relieved from all liability as insurers of funds

that come into their hands or subject to their control after the funds are deposited in good

faith in a depository or depositories in the county approved by the fiscal court, and the

obligors in the bonds shall not be responsible for loss of, or delay in payment of such

funds by reason of the failure or suspension of such depository.