§206E-103 - Revenue bonds; authorization.
§206E-103 Revenue bonds; authorization.
(a) The authority, with the approval of the governor, may issue from time to
time revenue bonds in amounts not exceeding the total amount of bonds
authorized by the legislature for the purpose of undertaking and maintaining
any of the reserved housing loan programs.
(b) All revenue bonds shall be issued pursuant
to part III of chapter 39, except as provided in this part.
(c) The revenue bonds shall be issued in the
name of the authority, and not in the name of the State. The final maturity
date of the revenue bonds may be any date not exceeding forty years from the
date of issuance. [L 1982, c 228, pt of §8]