[ §206M-81] Financial assistance.
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/hi/206m-81A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[ §206M-81] Financial assistance. The development corporation, through the program for capital access, may:
(1)Procure insurance, a guarantee, or a letter of credit from any source for all or a part of a loan, debenture, or lease of others, public or private, or a revenue bond issue of the State or other entity or authority authorized by law to issue revenue bonds; and
(2)Procure insurance, a guarantee, or a letter of credit for either a single loan, debenture, or lease or for any combination of loans, debentures, or leases, or a single revenue bond issue or for all or a part of any combination of revenue bond issues. [L 2019, c 56, pt of §2]