§206E-102  Rules; eligible loans.  (a) 
The authority shall establish requirements for reserved housing units financed
by an eligible loan, and may consider, but not be limited to the location, age,
condition, and other characteristics of the reserved housing units.



(b)  The authority shall establish restrictions
on the terms, maturities, interest rates, collateral, and other requirements
for eligible loans.



(c)  All eligible loans made shall comply with
applicable state and federal laws. [L 1982, c 228, pt of §8]