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Code · Kentucky · Chapter 247 — Promotion of agriculture and horticulture

247.978 Debt limitation for qualified applicant.

53 words·~1 min read·/ky/chapter-247/247-978

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The total amount of principal which a qualified applicant may owe to the corporation at any one
(1)time shall not exceed:
(1)Two-hundred fifty thousand dollars ($250,000) for first time farmers as defined by
the United States Department of Agriculture, Farm Service Agency; or
(2)One million dollars ($1,000,000) for other applicants.
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