Kentucky Statutes 194A.729 – Cabinet to provide information to lending institutions relative to financing for assisted living community projects — Fee
Current as of: 2024 | Check for updates
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If a person or business seeks financing for an assisted living community project, the cabinet shall provide written correspondence to the lender, upon request, to denote whether the architectural drawings and lease agreement conditionally comply with the provisions of KRS § 194A.700 to KRS § 194A.729. The cabinet may promulgate administrative regulations to establish a fee that shall not exceed costs of the program to the cabinet, to be charged for the written correspondence to the lender.
Effective: July 14, 2022
History: Amended 2022 Ky. Acts ch. 20, sec. 13, effective July 14, 2022. — Amended
2018 Ky. Acts ch. 136, sec. 3, effective July 1, 2019. — Amended 2007 Ky. Acts ch.
24, sec. 13, effective June 26, 2007. — Amended 2005 Ky. Acts ch. 99, sec. 167, effective June 20, 2005. — Created 2000 Ky. Acts ch. 141, sec. 15, effective July 14,
2000.
Effective: July 14, 2022
Terms Used In Kentucky Statutes 194A.729
- Cabinet: means the Cabinet for Health and Family Services. See Kentucky Statutes 194A.005
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
History: Amended 2022 Ky. Acts ch. 20, sec. 13, effective July 14, 2022. — Amended
2018 Ky. Acts ch. 136, sec. 3, effective July 1, 2019. — Amended 2007 Ky. Acts ch.
24, sec. 13, effective June 26, 2007. — Amended 2005 Ky. Acts ch. 99, sec. 167, effective June 20, 2005. — Created 2000 Ky. Acts ch. 141, sec. 15, effective July 14,
2000.