[§514D-4] Condominium loan revolving fund. (a) There is established in the state treasury the condominium loan revolving fund, into which shall be deposited:
(1) Moneys received as repayment of loans and interest payments as provided in this chapter;
(2) Appropriations made by the legislature to the condominium loan revolving fund; and
(3) All interest and investment earnings credited to the assets of the fund.
(b) Moneys in the condominium loan revolving fund shall be expended by the authority for:
(1) The purposes of providing loans and credit enhancements in accordance with this chapter; and
(2) Paying administrative costs of the condominium loan program. [L 2025, c 296, pt of §19]