AN ACT relating to the Farmland Preservation Loan Program.

Summary

The bill sets up a new farmland preservation loan program that the corporation can run, working with Kentucky‑based lenders to buy portions of loans made to qualified borrowers for buying or improving agricultural property. It caps the corporation’s loan purchases at $1 million or 75 percent of the borrower’s total loan and lets the board approve other eligible agricultural investments. The program is intended to help preserve and improve farmland in Kentucky.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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