{"data":{"id":"us-ky/krs-154.20-586","jurisdiction":"us-ky","citation":"KRS 154.20-586","heading":"Eligible companies -- Requirements.","body":"(1) The eligible company shall:\n(a) Apply for all other available assistance that is not a commercial loan,\nincluding disaster relief assistance and insurance proceeds;\n(b) Notify the qualified lenders immediately upon application of other assistance;\nand\n(c) Provide an update on the status of that assistance when requested by the\nqualified lenders.\n(2) The eligible company may assign any other available assistance to the qualified\nlender.\n(3) The qualified lender shall use the other available assistance to first pay any fees or\nother amounts outstanding to reduce the principal balance of the commercial loan.\n(4) The eligible company may apply for other programs administered by the Cabinet\nfor Economic Development for which it meets the relevant program specific\neligibility.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=53843","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:54Z","sha256":"9f0854d4c5c3b398501b047927ba048471b61bf8a40d30b1c0659db0052d5105","source_id":"us-ky","stale":false,"prev":"us-ky/krs-154.20-583","next":"us-ky/krs-154.20-589"},"notice":"GroundRules: Original legal text. Not legal advice."}