198A.740 Definitions for KRS 198A.740 to 198A.750.
81 words·~1 min read·
/ky/chapter-198a/198a-740A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As used in KRS 198A.740 to 198A.750:
(1)"Moderate income" means the income of individuals or families that is below one
hundred twenty percent (120%) of the area median income for the Commonwealth
as determined by the United States Department of Housing and Urban
Development;
(2)"Nonprofit organization" has the same meaning as in KRS 198A.700;
(3)"Technical assistance" has the same meaning as in KRS 198A.700; and
(4)"Trust fund" means the rural housing trust fund created in KRS 198A.744.