Official record
Measure details
- Jurisdiction
- Kentucky
- Session
- 2026RS
- Chamber
- upper
- Classification
- bill
- Subjects
- Bonds, Public, Housing, Building, And Construction, Land Use, Liens, Loans, Credit, Interest, And Usury, Local Government
- Introduced / first action
- 2026-03-02 05:00:00
Source-supplied abstracts
Create a new section of KRS Chapter 65 to define terms; permit a local government to establish a revolving loan program fund to facilitate affordable housing; establish requirements for the fund; permit a local government to use bonding authority to support a fund; establish means and terms of repayment of bonds issued for a fund; permit a local government to use a fund to make loans for development of affordable housing and for rehabilitation of homes by low-income persons; allow local government to assess fines and fees for failure to repay loans as part of a program; create a lien in association with a loan issued under a program and set out priority of the lien.
Sponsors
- C. Armstrong (primary), primary
- G. Neal (primary), primary