(a) In its sole discretion, the Authority may set:
- (1) the premiums and fees for providing bonding assistance under the Program; and
- (2) the terms and conditions when the premiums and fees are payable.
- (b) The premiums and fees may vary in amount among transactions and at different stages of a transaction.
- (c) A determination by the Authority on premiums and fees remains effective for as long as the bonding assistance provided by the Authority is in effect.
Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008.