42.520 Priority for assignment of public funds.
82 words·~1 min read·
/ky/chapter-42/42-520A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The State Investment Commission shall assign public funds to public depositories
by priority based on evidence that the public depository serves the convenience and
economic development needs of the communities in which they are chartered to do
business. The convenience and needs of communities shall include the need for
credit services as well as deposit services.
(2)The State Investment Commission shall only assign priorities to public depositories
on the basis of compliance with regulations promulgated pursuant to KRS Chapter
13A.