Kentucky Revised Statutes (Last Updated: May 10, 2014) |
TITLE XXI. AGRICULTURE AND ANIMALS |
CHAPTER 247. PROMOTION OF AGRICULTURE AND HORTICULTURE |
Kentucky Agricultural Finance Corporation |
940. Legislative findings and purpose. |
942. Definitions for KRS 247.940 to 247.978. |
944. Kentucky Agricultural Finance Corporation -- Board of directors -- Executive director -- Quorum -- Expenses. |
946. Powers of corporation. |
9471. Purchase and sale of agricultural loans by corporation. |
9473. Corporation may insure and reinsure agricultural loans. |
948. Obligations not debt of Commonwealth. |
950. Issuance of bonds or notes by corporation. |
951. Issuance of refunding bonds. |
952. Trust agreement to secure obligation. |
953. Commonwealth prohibited from altering the right of corporation to fulfill agreements with its bondholders. |
954. Pledge of assets or revenues of corporation binding. |
955. Moneys received under KRS 247.940 to 247.978 deemed to be trust funds. |
956. Enforcement of rights under trust agreement. |
957. Corporate system of accounts -- Audit. |
958. Obligations are negotiable instruments. |
959. Corporation to receive requested services from Commonwealth officers and agencies -- Liberal construction of statutes. |
960. Obligations are legal investments for public entities and fiduciaries. |
962. Annual report. |
964. Personal liability of board or officers. |
966. Expenditure of funds. |
968. Corporation exempt from taxation -- Payment in lieu of taxes. |
970. Powers supplemental to those held by other governmental agencies. |
972. Termination or dissolution of corporation. |
974. Banks may apply for loans for qualified farmers. |
976. Expenses. |
978. Debt limitation for qualified applicant. |