TITLE 90. PLANNING, RESEARCH, AND DEVELOPMENT

CHAPTER 7. FACILITY FINANCE AUTHORITY

Part 2. Authority Administration, Powers, and Limitations

Loan Limitation

90-7-213. Loan limitation. A loan made by the authority may not exceed the total cost of the eligible facility being financed as the cost is determined by the participating institution and approved by the authority.

History: En. Sec. 10, Ch. 703, L. 1983; amd. Sec. 8, Ch. 477, L. 1997; amd. Sec. 6, Ch. 479, L. 1997; amd. Sec. 11, Ch. 137, L. 2001.