The authority may establish a special fund or funds solely to secure some or all of its obligations within the loan insurance account into which fees or premiums collected by the authority for loan, debenture, or lease insurance, guarantees, or letters of credit may be deposited.
Effective: July 15, 1988

Terms Used In Kentucky Statutes 154.20-090

  • Authority: means the Kentucky Economic Development Finance Authority, consisting of a committee as set forth in KRS §. See Kentucky Statutes 154.1-010
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC

History: Created 1988 Ky. Acts ch. 383, sec. 14, effective July 15, 1988.
Formerly codified as KRS § 154.057

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