There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subchapter 20 Financing of Development Generally
154.20.070 Authority backing limited to projects with significant private sector financial support -- Terms and conditions determined by authority.
Download pdfguaranteed, or for which letters of credit are issued, will be used to assist projects
which also have significant private sector financial support. (2) Insurance, guarantees, or letters of credit may be provided or procured on the terms and conditions the authority, in its sole discretion, shall determine to be reasonable,
appropriate, and consistent with the purposes and objectives of the authority and
this chapter. (3) The authority may charge the lender or the borrower, or both, a fee or premium for loan, debenture, or lease insurance, guarantee, or letter of credit. Guidelines for
premiums or fees charged by the authority for loan, debenture, or lease insurance,
guarantees, or letters of credit shall be established by the authority. Effective: July 15, 1988
History: Created 1988 Ky. Acts ch. 383, sec. 12, effective July 15, 1988.
Formerly codified as KRS 154.053
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.