[§342D-93]  Trust indenture.  (a)  Anytrust indenture entered into by the director may contain covenants andprovisions as authorized by part III of chapter 39, and approved by thedirector of finance, as deemed necessary, advisable, or expedient by the directorfor the purposes of this part.

(b)  A trust indenture may also containprovisions deemed necessary, advisable, or expedient by the director to obtainor permit, by grant, interest subsidy, or otherwise, the participation of thefederal government in the water pollution control loan program or in thefinancing of the costs of administering, operating, or maintaining the waterpollution control loan program to which such trust indenture relates. [L 1997,c 221, pt of §1]