§516-161 Eligible loan funding program. [Section effective until June 30, 2006. For section effective July 1, 2006, see below.] (a) The corporation may make or contract directly with mortgage lenders to fund eligible loans.

(b) The contract may contain provisions as determined by the corporation to be necessary or appropriate to provide security for its revenue bonds. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2]

§516-161 Eligible loan funding program. [Section effective July 1, 2006. For section effective until June 30, 2006, see above.] (a) The administration may make or contract directly with mortgage lenders to fund eligible loans.

(b) The contract may contain provisions as determined by the administration to be necessary or appropriate to provide security for its revenue bonds. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b)]