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.