Kentucky Public Service Commission

Licking Valley R.E.C.C.

IN THE MATTER OF THE APPLICATION OF THE LICKING VALLEY RECC FOR THE AUTHORIZATION TO EXECUTE A SUBSTITUTE SECURED PROMISSORY NOTE IN THE AMOUNT OF FOUR HUNDRED, FORTY-SIX THOUSAND ($446,000) DOLLARS TO NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION, SAID NOTE IN LIEU OF A PRIOR SECURED PROMISSORY NOTE FOR THE ABOVE AMOUNT EXECUTED BY THE APPLICANT TO NATIONAL RURAL UTILITIES COOPERATIVE FINANCE COOPERATION ON JUNE 24, 1983.