The Commissioner of Agriculture is hereby designated as the state official of the Commonwealth of Kentucky to make application to and receive from the Secretary of Agriculture of the United States, or any other proper federal official, pursuant and subject to the provisions of Public Law 499, 81st Congress, approved May 3, 1950, the trust assets, either funds or property, held by the United States as trustee in behalf of the Kentucky Rural Rehabilitation Corporation.
History: Created 1952 Ky. Acts ch. 168, sec. 1.

Terms Used In Kentucky Statutes 246.270

  • Agriculture: means the business of raising or producing:
    (a) Crops, the products of which are used for food, feed, fiber, energy, or pharmaceuticals. See Kentucky Statutes 246.010
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Commissioner: means the Commissioner of Agriculture. See Kentucky Statutes 246.010
  • Federal: refers to the United States. See Kentucky Statutes 446.010
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
  • Trustee: A person or institution holding and administering property in trust.
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