Sec. 16. (a) An application for a loan from the fund must be accompanied by all papers
and opinions required by the authority. (b) The authority may require that an application for a loan from the fund be accompanied by the following: (1) A certification and guarantee of signatures. (2) A certification that, as of the date of the loan, no litigation is pending challenging the validity of or entry into: (A) the loan; or (B) any security for the loan. (3) Any other certifications, agreements, security, or requirements that the authority requests. (4) An approving opinion of nationally recognized bond counsel. As added by P.L.204-2023, SEC.5.