Current with changes from the 2024 Legislative Session
Section 10-519 - Project financing(a) The Corporation may: (1) lend or otherwise make available the proceeds of its bonds to a person to finance costs of a project; and(2) enter into a financing agreement, mortgage, or other instrument that it determines is necessary or desirable to evidence or secure the loan.(b)(1) A lease for a project may require or authorize the lessee or another person to purchase or otherwise acquire the project for consideration, that the Corporation establishes, on:(i) payment of the principal of and interest on the bonds that financed the cost of the project; or(ii) other provision for payment satisfactory to the Corporation.(2) Consideration required under paragraph (1) of this subsection may be nominal.