75-4269. Same; definitions.
216 words·~1 min read·
/ks/chapter-75/75-4269A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
75-4269. Same; definitions. As used in K.S.A. 75-4268 through 75-4274 , and amendments thereto:
(a)"Agricultural production loan deposit" means an investment account placed by the director of investments under the provisions of article 42 of chapter 75 of the Kansas Statutes Annotated with an eligible lending institution for the purpose of carrying out the intent of this act;
(b)"agricultural production loan deposit loan package" means the forms provided by the state treasurer for the purpose of applying for an agricultural production loan deposit;
(c)"eligible lending institution" means:
(1)A bank, as defined under K.S.A. 75-4201 , and amendments thereto, that agrees to participate in the Kansas agricultural production loan deposit program and is eligible to be a depository of state funds; or
(2)an institution of the farm credit system organized under the federal farm credit act of 1971 (12 U.S.C. § 2001), as amended, that agrees to participate in the Kansas agricultural production loan deposit program and provides securities acceptable to the pooled money investment board pursuant to article 42 of chapter 75 of the Kansas Statutes Annotated, and amendments thereto; and
(d)"eligible agricultural borrower" means any individual, limited liability agricultural company, limited agricultural partnership or family farm corporation as defined in K.S.A. 17-5903 , and amendments thereto, involved in farming.