Ky. Rev. Stat. § 198A.740

Current through 2024 Ky. Acts ch.225

Section 198A.740 - Definitions for KRS 198A.740 to 198A.750

As used in KRS 198A.740 to 198A.750:

(1) "Moderate income" means the income of individuals or families that is below one hundred twenty percent (120%) of the area median income for the Commonwealth as determined by the United States Department of Housing and Urban Development;

(2) "Nonprofit organization" has the same meaning as in KRS 198A.700;

(3) "Technical assistance" has the same meaning as in KRS 198A.700; and

(4) "Trust fund" means the rural housing trust fund created in KRS 198A.744.

KRS 198A.740

Added by 2023 Ky. Acts ch. 92,§ 29, eff. 3/24/2023.