§516-172 Loans; sale, pledge, or assignment. [Section effective until June 30, 2006. For section effective July 1, 2006, see below.] (a) Subject to any agreement with the holders of its revenue bonds, the corporation may sell its loans at public or private sale at a price and upon terms and conditions as it determines.

(b) Subject to any agreement with the holders of its revenue bonds, the corporation may pledge or assign its loans, other agreements, notes, or property to secure the loans or agreements. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2]

§516-172 Loans; sale, pledge, or assignment. [Section effective July 1, 2006. For section effective until June 30, 2006, see above.] (a) Subject to any agreement with the holders of its revenue bonds, the administration may sell its loans at public or private sale at a price and upon terms and conditions as it determines.

(b) Subject to any agreement with the holders of its revenue bonds, the administration may pledge or assign its loans, other agreements, notes, or property to secure the loans or agreements. [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)]