Sec. 123. Compliance and enforcement
98 words·~1 min read·
/bill/113/hr/3939/ih/section-123A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding any other provision of law, each eligible entity that receives assistance under this title from AIFA shall enter into a credit agreement that requires such entity to comply with all applicable policies and procedures of AIFA, in addition to all other provisions of the loan agreement. In any case in which a recipient of assistance under this title is materially out of compliance with the loan agreement, or any applicable policy or procedure of AIFA, the Board of Directors may take action to cancel unutilized loan amounts, or to accelerate the repayment terms of any outstanding obligation.