The General Assembly of the Commonwealth of Kentucky hereby finds and determines that in order to comply with technical income tax rules and regulations proposed to be adopted by the Department of the Treasury, Internal Revenue Service, with regard to the issuance of securities by states and political subdivisions thereof, it is appropriate and proper that the Kentucky Housing Corporation's status as a de jure political subdivision of the Commonwealth of Kentucky be confirmed by adoption of appropriate clar ifying amendments to the Kentucky Revised Statutes.
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