The benefit reserve fund is hereby established within the funding commission, and shall be administered by the funding commission. All funds in excess of current liabilities of the special fund and budgeted expenditures shall be deposited in the benefit reserve fund and invested in compliance with the investment policies formulated by the funding commission.
KRS 342.1229
Benefit reserve fund
Applied in 1 court decision — leading case Beshear v. Haydon Bridge Co., Inc. (2010)
Most recently applied in Beshear v. Haydon Bridge Co., Inc. (March 2010)
Effective: October 16, 1987
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.