Subject to the limitations of KRS Chapters 41 and 42 the State Investment Commission is authorized to make purchases, sales, exchanges, investments, and reinvestments, of any of the securities and investments in which any of the state funds shall have been invested, as well as the proceeds of said investments and any money belonging to said funds.
Authority of State Investment Commission
KRS § 42.505, under FINANCE AND ADMINISTRATION CABINET.
KRS § 42.505