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KY HB417
Bill
Status
1/15/2026
Primary Sponsor
David Osborne
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AI Summary
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Creates a new Farmland Preservation Loan Program to help qualified borrowers purchase or improve agricultural property located in Kentucky
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Participating lenders must have a physical office in Kentucky and enter into a loan participation agreement with the corporation
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Limits the corporation's purchase of interests in promissory notes to $1,000,000 or 75% of the total loan amount, whichever is less
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Authorizes the board to approve other eligible agricultural investments deemed reasonable
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Grants authority to promulgate administrative regulations under KRS Chapter 13A for program administration
Legislative Description
AN ACT relating to the Farmland Preservation Loan Program.
Administrative Regulations and Proceedings
Last Action
to Agriculture (H)
1/23/2026