[§201G-196] Loan funding programs. [Section effective until June 30, 2006. For section effective July 1, 2006, see below.] (a) The corporation may contract with mortgage lenders to fund eligible loans and eligible improvement loans and may directly make or contract with mortgage lenders to fund eligible project loans.

(b) Any such contract with a mortgage lender may contain provisions as determined by the corporation to be necessary or appropriate to provide security for its revenue bonds. [L 1997, c 350, pt of §2]

§201G-196 Loan funding programs. [Section effective July 1, 2006. For section effective until June 30, 2006, see above.] (a) The administration may contract with mortgage lenders to fund eligible loans and eligible improvement loans and may directly make or contract with mortgage lenders to fund eligible project loans.

(b) Any such contract with a mortgage lender may contain provisions as determined by the administration to be necessary or appropriate to provide security for its revenue bonds. [L 1997, c 350, pt of §2; am L 2005, c 196, §26(a)]