Kentucky Revised Statutes Title VII. Public Property and Public Printing § 56.140.Investment of insurance fund

(a) Obligations of the United States government, its agencies, and Kentucky cities of the first and home rule classes;

(b) Warrants issued on the State Treasurer;

(c) State bonds, including bridge revenue bonds issued under KRS 180.010 to 180.250;

(d) Bonds or other evidences of indebtedness of any domestic corporation that is an agent or instrumentality of the state or of any city, county, or school district of the state, secured by a mortgage on real estate in Kentucky that has been conveyed to the corporation by any city, county, school district, or state educational institution, and which the corporation has leased and given the option to lease to the city, county, school district, or state educational institution, with option in the lessee to purchase the property, or an interest therein, on the payment of the aggregate sum of the bond issue, plus the expenses incident to the issuance of the bonds and the formation and dissolution of the corporation, subject to credit of the amounts paid as rental for such property; and

(e) School bonds issued by cities under KRS 162.120 to 162.290.