{"data":{"id":"us-ky/krs-99.270","jurisdiction":"us-ky","citation":"KRS 99.270","heading":"Obligations of redevelopment corporation are authorized investments.","body":"Certificates, bonds, and notes, or part interests therein, or any part of an issue thereof,\nwhich are secured by a first mortgage on the real property in a development area, or any\npart thereof, shall be securities in which all the following persons, partn erships, or\ncorporations and public bodies or public officers may legally invest the funds within their\ncontrol, provided that the principal amount secured by such mortgage shall not exceed the\nlimits, if any, imposed by law for such investments by the per son, partnership,\ncorporation, public body, or public officer making the same: Every executor,\nadministrator, trustee, guardian, conservator, or other person or corporation holding trust\nfunds or acting in a fiduciary capacity; the state, its subdivisions,  cities, all other public\nbodies, all public officers; persons, partnerships, and corporations organized under or\nsubject to the provisions of the banking law (including savings banks, savings and loan\nassociations, trust companies, banking corporations); the commissioner of the\nDepartment of Financial Institutions as conservator, liquidator, or rehabilitator of any\nsuch person, partnership, or corporation; persons, partnerships, or corporations organized\nunder or subject to the provisions of the insurance law; fraternal benefit societies; and the\ncommissioner of the Department of Insurance as conservator, liquidator, or rehabilitator\nof any such person, partnership, or corporation.","path":["KRS Chapter 99"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=26527","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:01Z","sha256":"35fee1416db118b6cf71fa94b9ad2676509b94db35e2efb76177e277de6359cd","source_id":"us-ky","stale":false,"prev":"us-ky/krs-99.260","next":"us-ky/krs-99.280"},"notice":"GroundRules: Original legal text. Not legal advice."}