KRS 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

authority may procure insurance, a guarantee, or a letter of c redit for either a single

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 agenc y or authority, or another

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 authori ty, or

another entity or authority authorized by law to issue revenue bonds. The authority

may procure insurance, a guarantee, or a letter of credit for either all or part of a

single revenue bond issue or for all or a part of any combination of revenue bo nd

issues.