Ky. Rev. Stat. § 161.440

Current through 2024 Ky. Acts ch.225
Section 161.440 - Assignment of interest to funds

At the end of each fiscal year the board of trustees shall assign from the guarantee fund interest at the regular interest rate to the teachers' savings fund, the state accumulation fund, and the allowance reserve fund. The amounts so allowed shall be due and payable to the funds and shall be annually credited thereto by the board of trustees from interest and other earnings on money of the retirement system.

KRS 161.440

Effective:6/27/2008
Amended 2008, (1st Extra. Sess.) Ky. Acts ch. 1, sec. 33, effective6/27/2008. -- Amended 2002, Ky. Acts ch. 275, sec. 10, effective 7/1/2002. -- Amended 1990 Ky. Acts ch. 442, sec. 3, effective 7/1/1990; and ch. 476, Pt. V, sec. 500, effective 7/13/1990. -- Amended 1984 Ky. Acts ch. 253, sec. 8, effective 7/1/1984. -- Amended 1964 Ky. Acts ch. 43, sec. 6. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective 10/1/1942, from Ky. Stat. sec. 4506b-23.