Kentucky Revised Statutes

Ky. Rev. Stat. § 177.520 (2026)

Turnpike bonds valid for purposes of investment or collateral

✓ current as of May 2026

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Bonds issued by the department under the provisions of KRS 177.390 to 177.570 are hereby made securities in which all public officers and public bodies, agencies and instrumentalities of the Commonwealth and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees and other fiduciaries, and all other persons whatsoever who are now or may hereafter be authorized to invest in bonds or other obligations of a similar nature may properly and legally invest funds, including capital in their control or belonging to them. Such bonds are hereby made securities which may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the Commonwealth for any purpose for which the deposit of bonds or other obligations of the Commonwealth is now or may hereafter be authorized by law. Effective: March 25, 1960 History: Amended 1960 Ky. Acts ch. 174, sec. 8, effective March 25, 1960. -- Created 1950 Ky. Acts ch. 157, sec. 14.

Notes of Decisions

Cited in 1 case, 1960–1960 · leading case: Tpk. Auth. of Kentucky v. Wall, 336 S.W.2d 551 (Ky. Ct. App. 1960).

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Tpk. Auth. of Kentucky v. Wall, 336 S.W.2d 551 (Ky. Ct. App. 1960). “That the Commonwealth is willing for such funds to be so invested is an assurance of value to the prospective purchasers of the bonds, and it is not an unprecedented provision in legislation authorizing revenue bonds.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.