{"data":{"id":"us-ky/krs-198a.120","jurisdiction":"us-ky","citation":"KRS 198A.120","heading":"All moneys received are trust funds and may be temporarily invested.","body":"Notwithstanding any other provisions of law to the contrary, all moneys received pursuant\nto the authority of this chapter shall be deemed to be trust funds to be held and applied\nsolely as provided in this chapter. The resolution authorizing any obligatio ns or the trust\nagreement securing the same may provide that any of such moneys may be temporarily\ninvested pending the disbursement thereof and shall provide that any officer with whom,\nor any bank or trust company with which, such moneys shall be deposit ed shall act as\ntrustee of such moneys and shall hold and apply the same for the purposes hereof, subject\nto such regulations as this chapter and such resolution or trust agreement may provide.\nAny such moneys or any other moneys of the corporation may be invested as provided in\nKRS 386.020.","path":["KRS Chapter 198A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=6939","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:50Z","sha256":"f8bfc8fe69cc383b3f34fe118f7b959f1f533a5a798138eff1fc923cc3e6929f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-198a.110","next":"us-ky/krs-198a.130"},"notice":"GroundRules: Original legal text. Not legal advice."}