Security; Transactions With Participating Providers

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Sec. 6. Before exercising any of the powers conferred by section 5 of this chapter, the authority may:

(1) require that the lease, installment purchase contract, or loan agreement involved be insured by a loan insurer, be guaranteed by a loan guarantor, or be secured by a letter of credit; and

(2) require any other type of security from the participating providers that the authority considers reasonable and necessary.

As added by P.L.189-2018, SEC.25.


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