177.615 Investment or deposit of amounts received for sinking fund. The State Property and Buildings Commission may invest any amounts received for the sinking fund provided in KRS 177.580 to 177.630 in interest-bearing obligations of the United States or the purchase of the bonds authorized by KRS 177.580 to 177.630, or they may deposit said amounts in any state or national bank or trust company of Kentucky, but each such deposit shall be adequately secured by a corporate surety bond in some good and solvent corporate surety company authorized to do business in Kentucky, or by the deposit of United States government bonds which are direct obligations of the United States of America in an amount equal to each such deposit. Effective: June 26, 1956 History: Created 1956 (2nd Extra. Sess.) Ky. Acts ch. 3, sec. 8, effective June 26, 1956.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.