The fund shall be used to finance or refinance approved projects, with priority given to the following types of financial assistance: (a) Loans for all or part of an approved project;

1. (b) guarantees, security, or another type of credit enhancement, or any combination of these, for bonds to be issued by KDFA or an applicant for financial assistance; and
2. (c) refunding or acquisition of bonds issued by an applicant.

(Authorized by K.S.A. 2002 Supp. 75-5065; implementing K.S.A. 2002 Supp. 75-5066; effective Oct. 31, 2003.)