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154.20.045 Insurance or guarantee by authority.

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