Guarantees; secured loans; reservation of funds

Sec. 25. Before exercising any of the powers conferred by section 23 of this chapter, the authority may: (1) require that the loan involved be insured by a loan insurer or be guaranteed by a loan guarantor; (2) require any type of security that the authority considers reasonable and necessary; or (3) authorize the reservation of funds by lenders in the amount and subject to conditions as the authority considers reasonable and necessary under this chapter. As added by P.L.189-2018, SEC.25.