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KRS 42.555

Investment commission as Sinking Fund Commission -- Sale of stock in Bank of Kentucky

Effective: Created 1982 Ky

(1) For the purposes of Section 185 of the Constitution of Kentucky, the State Investment Commission shall constitute the Sinking Fund Commission.

(2) The State Investment Commission may sell the stock in the Bank of Kentucky referred to in Sections 184 and 185 of the Constitution of Kentucky. The State Investment Commission may sell and reinvest the proceeds of the sale of the stock in the Bank of Kentucky from time to time.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.