§ 154-20-045

154.20 -045 Insurance or guarantee by authority. (1) The authority may insure, guarantee, or issue letters of credit for all or a part of a loan or debenture of others, public or private. (2) The authority may insure, guarantee, or issue letters of credit for all or a part of a lease entered into by others, public or private. (3) The authority may procure insurance, a guarantee, or a letter of credit from any source for all or a part of a loan, debenture, or lease of others, public or private. The authority may procure insurance, a guarantee, or a letter of c redit for either a single loan, debenture, or lease or for any combination of loans, debentures, or leases. (4) The authority may insure, guarantee, or issue letters of credit for all or a part of a revenue bond issued by the authority, another state agenc y or authority, or another entity or authority authorized by law to issue revenue bonds. (5) The authority may procure insurance, a guarantee, or a letter of credit for all or a part of a revenue bond issue of the authority, another state agency or authori ty, or another entity or authority authorized by law to issue revenue bonds.

arantee, or a letter of credit for all or a part of a revenue bond issue of the authority, another state agency or authori ty, or another entity or authority authorized by law to issue revenue bonds. The authority may procure insurance, a guarantee, or a letter of credit for either all or part of a single revenue bond issue or for all or a part of any combination of revenue bo nd issues. Effective: July 15, 1988 History: Created 1988 Ky. Acts ch. 383, sec. 9, effective July 15, 1988. Formerly codified as KRS 154.047