{"data":{"id":"us-ky/krs-342.825","jurisdiction":"us-ky","citation":"KRS 342.825","heading":"Investments.","body":"The board shall formulate and adopt an investment policy that safeguards the value of all\nassets and maximizes investment potential commensurate with risk and liquidity\nrestrictions, and supervise the investment activities of the authority subject to the\nlimitations on domestic insurance companies under KRS Chapter 304. Notwithstanding\nany provisions of the Kentucky Revised Statutes to the contrary, the authority may utilize\nthe investment expertise and advice of the Office of Financial Management in the Finance\nand Administration Cabinet. The authority shall also retain an independent investment\ncounsel or managers who shall be subject to standards applicable to fiduciaries\nresponsible for safeguarding assets of a corporation.","path":["KRS Chapter 342"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=32572","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:32Z","sha256":"1a34c4fe834d8a024046c72ed75acbb3fb232e7ab402ba92d9f06ff0ccdcd67e","source_id":"us-ky","stale":false,"prev":"us-ky/krs-342.823","next":"us-ky/krs-342.827"},"notice":"GroundRules: Original legal text. Not legal advice."}