Current with changes from the 2024 Legislative Session
Section 5-574 - Premiums and fees(a) In its sole discretion, the Authority may set:(1) the premiums and fees for providing bonding assistance under the Program; and(2) the terms and conditions when the premiums and fees are payable.(b) The premiums and fees may vary in amount among transactions and at different stages of a transaction.(c) A determination by the Authority on premiums and fees remains effective for as long as the bonding assistance provided by the Authority is in effect.