KRS 95.873: Investments by board -- Employment of consultants.

The board may invest the moneys accruing to the fund, in interest -bearing bonds of any

county, urban -county government or city in this state, or in any securities in which

trustees are permitted to invest trust funds under the laws of this state including

participation in a local government pension investment fund created pursuant to KRS

95.895. Such bonds shall be registered in the name of the board to the extent possible.

The securities acquired by the board shall be subject to the order of the board. The board

may, at its own cost, employ or engage consultants to provide investment advice to aid

the board in its determinations.