TITLE 90. PLANNING, RESEARCH, AND DEVELOPMENT

CHAPTER 7. FACILITY FINANCE AUTHORITY

Part 3. Notes and Bonds

Loans -- Purchase Of Bonds And Notes

90-7-320. Loans -- purchase of bonds and notes. Subject to the provisions of Title 17, chapter 6, the board of investments may, upon terms and conditions as the board considers reasonable:

(1) loan money to the authority for deposit in the capital reserve account; and

(2) purchase bonds and notes issued by the authority.

History: En. Sec. 5, Ch. 673, L. 1991.