{"data":{"id":"us-ky/krs-154.20-540","jurisdiction":"us-ky","citation":"KRS 154.20-540","heading":"Powers of insurance corporation.","body":"The insurance corporation shall be empowered by its articles:\n(1) To contract with the authority to insure loans, bonds or their debt service, made by\nany lender or issuer to finance the acquisition, construction or alteration of any\neligible project;\n(2) To enter into agreements for such insurance;\n(3) To fix a rate or rates of premiums to be paid for such insurance by the person or\ncorporation assisted, which premiums shall be fixed to take into account the fact\nthat the authority has paid an assistance f ee to the insurance corporation as an\nassistance to the person or corporation whose loan or bond is being insured; and\n(4) To exercise such other powers as are necessary or incidental to the foregoing.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=2737","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:54Z","sha256":"b3fe7887a369486d45d2dce739d51126f457c55275856d5afb270bee9b3bae1e","source_id":"us-ky","stale":false,"prev":"us-ky/krs-154.20-530","next":"us-ky/krs-154.20-550"},"notice":"GroundRules: Original legal text. Not legal advice."}