HRS §206E-119
Eligible loan and eligible project loan funding program
This section lets the authority make contracts with mortgage lenders to fund certain loans. The contract can include whatever terms the authority thinks are needed to protect its revenue bonds. It is a short, procedural rule about how the authority may set up these loan funding deals.
landlordstenants
The statute, as written — Eligible loan and eligible project loan funding program
(a) The authority may contract with mortgage lenders to fund eligible loans or eligible project loans. (b) The contract may contain provisions as determined by the authority to be necessary or appropriate to provide security for its revenue bonds.
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