40:37A-128 - Insurance or guarantee of loan;Ā agreement with department or agency of federal government
40:37A-128.Ā Insurance or guarantee of loan;Ā agreement with department or agency of federal government
The authority is authorized and empowered to obtain, or aid in obtaining, from any department or agency of the United States any insurance or guarantee as to, or of or for the payment or repayment of interest or principal, or both,Ā or any part thereof, on any loan or any instrument evidencing or securing theĀ same, made or entered into pursuant to the provisions of this act;Ā andĀ notwithstanding any other provisions of this act to enter into any agreement,Ā contract or any other instrument whatsoever with respect to any such insuranceĀ or guarantee, and except payment in such manner and form as provided therein inĀ the event of default by the borrower.
L.1979, c. 275, s. 23, eff. Jan. 3, 1980.
The authority is authorized and empowered to obtain, or aid in obtaining, from any department or agency of the United States any insurance or guarantee as to, or of or for the payment or repayment of interest or principal, or both,Ā or any part thereof, on any loan or any instrument evidencing or securing theĀ same, made or entered into pursuant to the provisions of this act;Ā andĀ notwithstanding any other provisions of this act to enter into any agreement,Ā contract or any other instrument whatsoever with respect to any such insuranceĀ or guarantee, and except payment in such manner and form as provided therein inĀ the event of default by the borrower.
L.1979, c. 275, s. 23, eff. Jan. 3, 1980.