Before exercising any of the powers conferred by section 15 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 it considers reasonable and necessary.
As added by P.L.45-1983, SEC.1.