SB87 regulates financial services and products by credit unions in Kentucky.
SB87 amends Kentucky Revised Statutes to regulate financial services and products by credit unions. It specifies permissible investments for county officials, cities, and local governments, including government bonds, corporate bonds, and mutual funds. The bill mandates that local governments adopt written investment policies and sets standards for diversification and monitoring of investments. It also establishes procedures for state depositories to secure local government investments and outlines the role of the state local debt officer in assisting with investment strategies.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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