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.​​


Authorization:

KRS Chapter 42.500, KAR 200 Chapter 14.011, KAR 200 Chapter 14.081, KAR 200 Chapter 14.091 and KAR 200 Chapter 14.200​

 

Membership:

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


 


 

Meetings:

Quarterly Agendas and Minutes

 

 

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:

Monthly Investment 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