| Last Action | 01/23/26: to Agriculture (H) |
|---|---|
| Title | AN ACT relating to the Farmland Preservation Loan Program. |
| Bill Documents | Introduced |
| Bill Request Number | 129 |
| Sponsors | D. Osborne, M. Dossett |
| Summary of Original Version | Create a new section of KRS 247.940 to 247.978 to define "participating lender"; authorize the Kentucky Agricultural Finance Corporation to establish, administer, and fund a Farmland Preservation Loan Program and enter into a loan participation agreement with a qualified participating lender to purchase interests in promissory notes to allow a borrower to purchase or improve an agricultural property located within the Commonwealth; authorize the Kentucky Agricultural Finance Corporation to promulgate administrative regulations to administer the Farmland Preservation Loan Program. |
| Index Headings of Original Version |
Administrative Regulations And Proceedings - Kentucky Agricultural Finance Corporation, Farmland Preservation Loan Program, authorization Agriculture - Farmland Preservation Loan Program, Kentucky Agricultural Finance Corporation, administration Banks And Financial Institutions - Participating lender, loan participation agreement, farmland preservation loan, establishment Land Use - Agricultural land, purchase, improvement, Farmland Preservation Loan Program Loans, Credit, Interest, And Usury - Participation loan, Farmland Preservation Loan Program, establishment |
| 01/15/26 |
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| 01/23/26 |
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Last updated: 1/29/2026 5:15 PM (EST)