Security; transactions with participating providers

Sec. 6. Before exercising any of the powers conferred by section 5 of this chapter, the authority may: (1) require that the lease, installment purchase contract, or loan agreement involved be insured by a loan insurer, be guaranteed by a loan guarantor, or be secured by a letter of credit; and (2) require any other type of security from the participating providers that the authority considers reasonable and necessary. As added by P.L.189-2018, SEC.25.