TITLE 90. PLANNING, RESEARCH, AND DEVELOPMENT

CHAPTER 7. FACILITY FINANCE AUTHORITY

Part 2. Authority Administration, Powers, and Limitations

Agent Of The Authority

90-7-204. Agent of the authority. The authority may designate a participating institution as its agent for determining the location and character of an eligible facility undertaken by that institution under the provisions of this chapter. As agent, the institution may acquire, construct, reconstruct, renovate, replace, improve, maintain, repair, operate, lease, as lessee or lessor, and enter into contracts for any and all such purposes, including contracts for the management and operation of the facility.

History: En. Sec. 11, Ch. 703, L. 1983; amd. Sec. 6, Ch. 477, L. 1997.