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



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