Title XXI, Agriculture and Animals

(1) The General Assembly hereby finds and declares that as a result of a variety of pressures, most notably the continual spiral of inflation and the increasingly serious effects of speculative land values, the opportunities in agriculture have been severely limited; that one of …

As used in KRS 247.940 to 247.978, the following words and terms, unless the context clearly indicates a different meaning, shall have the following respective meanings: (1) "Agricultural loan" means a loan made by a lending institution to any person for the purpose of financing …

Executive director -- Quorum -- Expenses. (1) There is hereby created and established the Kentucky Agricultural Finance Corporation which shall be attached to the Department of Agriculture. (2) The corporation is created and established as a de jure municipal corporation and poli…

The corporation shall have all of the powers necessary or convenient to carry out and effectuate the purposes and provisions of KRS 247.940 to 247.978 including, but without limiting the generality of the foregoing, the power: (1) To adopt bylaws for the regulation of its affairs…

(1) The corporation may purchase or contract to purchase and sell or contract to sell agricultural loans made by lending institutions. All lending institutions are hereby authorized to purchase and sell agricultural loans to the corporation in accordance with the provisions of KR…

(1) The corporation is hereby authorized to insure and reinsure agricultural loans made by lending institutions, subject to the terms, conditions, limitations, collateral and security provisions, and reserve requirements as shall be determined by the corporation in accordance wit…

(1) Obligations issued under the provisions of KRS 247.940 to 247.978 shall not be deemed to constitute a debt, liability or obligation of the Commonwealth or any political subdivision thereof or a pledge of the faith and credit of the Commonwealth or any such political subdivisi…

(1) The corporation is hereby authorized to provide for the issuance in its lending agency capacity and in its issuing agency capacity, at one (1) time or from time to time, of bonds, notes, renewal notes, refunding bonds, interim certificates, certificate of indebtedness, debent…

Subject to the rights of the holders of the bonds of the corporation, the corporation is hereby authorized and empowered to issue from time to time its bonds for the purpose of refunding any bonds of the corporation then outstanding, together with the payment of any redemption pr…

In the discretion of the corporation, any obligations issued under the provisions of KRS 247.940 to 247.978 may be secured by a trust agreement by and between the corporation and a corporate trustee, which may be any trust company or bank having powers of a trust company within o…

agreements with its bondholders. In consideration of the acceptance of and payment for the bonds of the corporation by the holders thereof, the Commonwealth does hereby pledge to and agree with the holders of any bonds of the corporation issued pursuant to the provisions of KRS 2…

The pledge of any assets or revenues of the corporation to the payment of the principal of or the interest on any obligations of the corporation issued in its lending agency capacity shall be valid and binding from the time such pledge is made, and any such assets or revenues sha…

Notwithstanding any other provisions of law to the contrary, all moneys received pursuant to the authority of the provisions of KRS 247.940 to 247.978 shall be deemed to be trust funds to be held and applied solely as provided in the provisions of KRS 247.940 to 247.978. The reso…

The holder of obligations of the corporation issued in its lending agency capacity pursuant to the provisions of KRS 247.940 to 247.978 and the trustee under any trust agreement or resolution authorizing the issuance of such obligations, except the rights herein given may be rest…

(1) Subject to the provisions of any contract with the holders of its bonds, the corporation shall establish a system of accounts. (2) The corporation may cause an independent audit of its books and accounts to be prepared annually and the cost thereof may be paid from any availa…

Notwithstanding any of the foregoing provisions of KRS 247.940 to 247.978 or any recitals in any obligations issued pursuant to the authority granted hereunder, all such obligations shall be and are hereby made negotiable instruments under the laws of this state, subject only to …

and agencies -- Liberal construction of statutes. (1) All Commonwealth officers and agencies are authorized to render services to the corporation within their respective functions as may be requested by the corporation. (2) Construction of KRS 247.940 to 247.978, being necessary …

Obligations issued by the corporation in its lending agency capacity under the provisions of KRS 247.940 to 247.978 are hereby made securities in which all public officers and public bodies of the Commonwealth and its political subdivisions, all insurance companies, trust compani…

The corporation shall, promptly following the close of each fiscal year, submit an annual report of its activities for the preceding year to the Governor and the General Assembly. Each such report shall set forth a complete operating financial statement relating to the corporatio…

No member of the board of directors or other officer of the corporation shall be made subject to any personal liability or accountability by reason of their execution of any obligations of the corporation nor the issuance thereof.

The corporation is authorized to accept and expend such moneys as may be appropriated from time to time by the General Assembly or such moneys as may be received from any source, including income from the corporation's operations, for effectuating its corporate purposes including…

The corporation shall not be required to pay any taxes and assessments to the Commonwealth or any county, municipality or other governmental subdivision of the Commonwealth upon any of its property or upon its obligations or other evidences of indebtedness pursuant to the provisi…

To the extent the provisions of KRS 247.940 to 247.978 delegate to the corporation powers concurrently now held by other governmental agencies, including, but not being limited to, the provisions of KRS 103.200 to 103.285 and KRS 154.20-035 to 154.20- 140, the provisions hereof s…

Upon the termination or dissolution of the corporation, all rights and properties of the corporation shall pass to and be vested in the Commonwealth, subject to the rights of lienholders and other creditors.

All state and federally chartered banks may apply through the corporation for loans for qualified farmers and such banks shall receive a commission therefor as determined by the corporation.

All expenses incurred by the corporation in carrying out the provisions of KRS 247.940 to 247.978 shall be paid from revenue bonds or notes issued by the corporation.

The total amount of principal which a qualified applicant may owe to the corporation at any one (1) time shall not exceed: (1) Two-hundred fifty thousand dollars ($250,000) for first time farmers as defined by the United States Department of Agriculture, Farm Service Agency; or (…

As used in KRS 247.980 to 247.986: (1) "Agricultural commodity" means any agricultural product, including but not limited to plant and animal products grown, raised, or produced within this state for use as food, feed, seed, or any aesthetic, industrial, or chemurgic purpose; and…

banks. There is hereby established in the Department of Agriculture a program to award grants to nonprofit organizations for the purpose of collecting and distributing Kentucky grown and raised surplus agricultural commodities to food banks and other charitable organizations that…

(1) Subject to available funds, a nonprofit organization is eligible to receive a grant under KRS 247.980 to 247.986 if the organization: (a) Has at least five (5) years of experience coordinating a statewide network of food banks and charitable organizations that serve counties …

A nonprofit organization that receives a grant under KRS 247.980 to 247.986 shall report the results of the project to the department in a manner prescribed by the department.

(1) The Farms to Food Banks Advisory Committee is hereby created for the purpose of advising the department concerning the implementation and administration of the program established under KRS 247.980 to 247.986. The committee shall be composed of no fewer than ten (10) but no m…

(1) The farms to food banks trust fund is hereby created in the State Treasury as a restricted account to be administered by the department with advice from the Farms to Food Banks Advisory Committee established by KRS 247.984, for the purposes provided in this section. (2) The f…

The Commissioner shall promulgate the administrative regulations necessary to carry out KRS 247.980 to 247.986.

(1) Any person who violates subsection (3) of KRS 247.270 or who diverts the funds or profits of a farm bureau to any purpose except the purposes of the farm bureau shall be guilty of theft and be punished as provided by law. (2) Any officer who makes a certificate required by su…

(1) Any person who violates any speed limit established by the State Fair Board shall be fined not less than ten ($10) nor more than one hundred dollars ($100). (2) Any person who violates any other traffic control regulation established by the State Fair Board shall be fined not…

Any person who violates subsection (3) of KRS 247.145 shall be fined not less than ten dollars ($10) nor more than one hundred dollars ($100), or imprisoned in jail for not less than one (1) day or more than ten (10) days or both.

Any purchaser of the agricultural commodity covered in KRS 247.450 to 247.505 or KRS 247.4451 to 247.4483 who violates or fails or refuses to comply with any provision of KRS 247.450 to 247.505 or KRS 247.4451 to 247.4483 shall upon conviction be fined not less than twenty-five d…

(1) Any purchaser of soybeans, or corn, or small grains who violates, or fails or refuses to comply with the provisions of KRS 247.510 to 247.595 or KRS 247.5061 to 247.5095, or KRS 247.6001 to 247.6035, shall upon conviction be fined not less than twenty-five dollars ($25) nor m…

(1) There shall be established the official Kentucky Tobacco Exhibition Center celebrating and documenting the contributions of tobacco to the history and economy of the Commonwealth and the role of Nelson County in tobacco's growth, manufacturing, and sale in the state. (2) The …

Quorum. (1) The Kentucky Tobacco Research Board is hereby created. The board shall be composed of thirteen (13) voting members and one (1) nonvoting member as follows: (a) Ten (10) permanent members who shall be the following officeholders or shall be designated by the following …

The Kentucky Tobacco Research Board shall: (1) Formulate policies and procedures as necessary to carry out the provisions of KRS 248.510 to 248.570. (2) Promulgate rules and regulations as necessary to carry out the provisions of KRS 248.510 to 248.570 and to ensure proper expend…

(1) The tax revenues received from the additional one-half cent ($0.005) tax levied by Chapter 255 of the Acts of 1970 shall be credited to a tobacco research-trust fund which is hereby created. (2) Federal funds which may be made available to supplement or match state funds for …

Office of State Budget Director. (1) The amount of revenues collected and/or credited to the tobacco research-trust fund shall be appropriated each year to the Kentucky Tobacco Research and Development Center to finance research projects and programs as provided in KRS 248.510 to…

(1) The Kentucky Tobacco Research and Development Center shall prepare a proposed research program and budget request for each fiscal year and shall present such documents to the Kentucky Tobacco Research Board for consideration and approval. The budget shall be based on revenue …

(1) The Finance and Administration Cabinet and the University of Kentucky shall maintain such records as necessary to account for all receipts and expenditures credited to or charged against the tobacco research-trust fund and shall establish such rules and regulations as may be …