OFM Services and Support

State Investment Commission

 

The State Investment Commission (SIC) conducts oversight of the Commonwealth’s investments and meets quarterly. Under the direction of the SIC, the Investments Section manages short-term investments for the Commonwealth and its agencies. Investment objectives are to invest available public funds to maximize safety of principal, liquidity, and yield while minimizing risk. All financial agreements entered into by the State Investment Commission and the Office of Financial Management are subject to applicable provisions of the Kentucky constitution, statutes and the Kentucky administrative regulations.


Authorization:

KRS Chapter 42.500, KAR 200 Chapter 14.011, KAR 200 Chapter 14.081, and KAR 200 Chapter 14.091 

 

Membership:

Governor (Chairman)
State Treasurer (Vice Chairman)
Secretary, Finance and Administration Cabinet
2 Gubernatorial Appointees:
     W. Fred Brashear, II, representing the Kentucky Bankers Association
     Vacant, representing the Bluegrass Bankers Association

 

Meetings:

Quorum:

Quorum required. Proxies allowed for ex-officio members only.

 

Objectives:

To invest available public funds to maximize safety of principal, liquidity and yield while minimizing risk.

 

Policies:

 Investment Manual ​​​
 

Reports:

Limited Term Pool Reports


Broker Dealer List​​

Approved Credit List ​​

 

OFM Relationship:

Complete staff​​​​

Kim Bechtel 

Office of Financial Management
Room 76, Capitol Annex
Frankfort, Kentucky 40601 
502-564-2924