KRS 95.772: Investment of pension fund.

The said board of trustees of the policemen's and firefighters' pension fund shall have the

power to draw such pension fund from the treasury and may invest the same, or any part

thereof, in the name of the board of trustees of the policemen's and firefigh ters' pension

fund or nominee name as provided by KRS 286.3 -225, in interest -bearing bonds of the

United States or the State of Kentucky, or any county or city in the State of Kentucky, or

in any securities in which trustees or guardians are permitted to i nvest trust or

guardianship funds under the laws of this state including a local government pension

investment fund created pursuant to KRS 95.895, and all such securities shall be subject

to the order of said board. Both the principal and interest of said pension fund shall be

applicable to the payment of pensions under KRS 95.761 to 95.784.