{"data":{"id":"us-ky/krs-161.380","jurisdiction":"us-ky","citation":"KRS 161.380","heading":"Duties of treasurer -- Custodian of securities.","body":"(1) The State Treasurer is the custodian of all cash funds of the retirement system. He\nshall honor and pay all vouchers drawn on the retirement funds. The Treasurer shall\nhonor and pay all vouchers drawn on the retirement funds for payment of securities\npurchased upon order of the board. All payments from the several funds of the\nretirement system shall be made only upon vouchers signed by the executive\nsecretary, the chairman of the board of trustees of the retirement system, or persons\ndelegated in writing by the board.\n(2) The board of trustees shall appoint a custodian or custodians of the securities\nacquired under authority of KRS 161.430 and the custodian or custodians shall be\nresponsible for the safekeeping of all securities placed in his custody. The custodian\nshall collect dividends, interests, and payments on principal as they become due,\nand deposit such funds with the State Treasurer for credit to the guarantee fund of\nthe system. The custodian shall, upon delivery of the securities to him, make\npayment for same as authorized by the board of trustees. When securities are sold\nby the board of trustees, the custodian shall deliver such securities to the purchaser\nupon receipt of payment from said purchaser.\n(3) The board of trustees may require such su rety from the custodian as they deem\nnecessary for the protection of securities held by such custodian.","path":["KRS Chapter 161"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=3911","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:10Z","sha256":"4d0fbd5e267e830aa4006507d79c9f25e076061191fa7ac3ef542b6809fe99ae","source_id":"us-ky","stale":false,"prev":"us-ky/krs-161.370","next":"us-ky/krs-161.390"},"notice":"GroundRules: Original legal text. Not legal advice."}