Trust agreement to secure obligation. Pledge of assets or revenues of corporation binding. Moneys received under KRS 247.940 to 247.978 deemed to be trust funds. Enforcement of rights under trust agreement. Obligations are negotiable instruments.
Obligations are legal investments for public entities and fiduciaries.
Expenditure of funds. Payment in lieu of taxes. Powers supplemental to those held by other governmental agencies. Termination or dissolution of corporation. Banks may apply for loans for qualified farmers.