AN ACT relating to the Linked Deposit Investment Program.
     Amend KRS 41.600 to delete the reference to an eligible agribusiness not being able to earn more than $60,000 annual net income from nonfarm sources; amend KRS 41.610 to increase to $100,000 the amount that a lender may loan to an eligible borrower, to increase to seven years the terms of a loan that a lender may make to an eligible borrower, to increase to the prime rate the rate that a lender may charge an eligible borrower, and to remove the restriction as to how much of the program's assets a lending institution may receive; amend KRS 41.615 to restrict the total outstanding principal debt a borrower may have in the Linked Deposit Investment Program to not more than $100,000.

     Jan 9-introduced in House
     Jan 12-to Agriculture and Small Business (H)
     Jan 16-posted in committee
     Jan 22-reported favorably, 1st reading, to Calendar
     Jan 23-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for January 26, 1998
     Jan 28-3rd reading, passed 97-0
     Jan 29-received in Senate
     Feb 2-to Banking and Insurance (S)
     Mar 11-reported favorably, 1st reading, to Calendar
     Mar 12-2nd reading, to Rules
     Mar 16-posted for passage in the Regular Orders of the Day for March 18, 1998
     Mar 18-3rd reading, passed 36-0
     Mar 19-received in House
     Mar 20-enrolled, signed by each presiding officer, delivered to Governor
     Mar 27-signed by Governor