§206E-102  Rules; eligible loans.  (a) The authority shall establish requirements for reserved housing units financedby 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 restrictionson the terms, maturities, interest rates, collateral, and other requirementsfor eligible loans.

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