{"data":{"id":"us-ky/krs-95.920","jurisdiction":"us-ky","citation":"KRS 95.920","heading":"Custodian of assets -- Duties.","body":"(1) The board shall employ a single custodian for the assets held by the fund.  The\ncustodian shall be responsible for:\n(a) Physical safekeeping of all securities;\n(b) Collection of all income;\n(c) Effecting all principal and income transactions;\n(d) Maintenance of a complete set of accounting records, including reporting to\nthe board and participants on the assets, earnings and activity of each pool of\nthe fund on a monthly basis, and reporting individual assets, earnings and\nactivity to each participant on a monthly basis;\n(e) Making principal payments to participants no later than forty -five (45) days\nafter receipt of a request; and\n(f) Making available earnings to participants on a monthly basis, or returning\nearnings to the fund for reinvestment as directed by the participant.\n(2) The custodian may upon request of a participant perform optional services such as\nbut not limited to the following:\n(a) Make disbursements for the participant; and\n(b) Prepare reports to beneficiaries or units of government.","path":["KRS Chapter 95"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=26117","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:56Z","sha256":"208897bf8577d895111c3f9b8a99115e193444ef6b17fafbf9bcaf59c80a4a47","source_id":"us-ky","stale":false,"prev":"us-ky/krs-95.915","next":"us-ky/krs-95.925"},"notice":"GroundRules: Original legal text. Not legal advice."}