Kentucky Asset/Liability Commission


The Kentucky Asset/Liability Commission (ALCo) is tasked to develop policies and strategies to minimize the impact of fluctuating interest rates on the Commonwealth’s interest-sensitive assets and interest-sensitive liabilities. ALCo is authorized to issue tax and revenue anticipation notes (TRAN), project notes, funding notes and grant anticipation revenue vehicle (GARVEE) bonds to fund projects, expenditure demands, and other obligations of the Commonwealth.


Secretary of the Finance and Administration Cabinet (Chair)
Attorney General
State Treasurer
State Controller
State Budget Director