1. (a) The Corporation may:

   1. (1) lend or otherwise make available the proceeds of bonds to a person to finance costs of a project; and
   2. (2) enter into financing agreements, mortgages, and other instruments that it determines are necessary or desirable to evidence or secure the loan.

2. (b)

   1. (1) The lease for a project may require or authorize the lessee or another person to purchase or otherwise acquire the property for consideration that the Corporation establishes, when:

      1. (i) the principal of and interest on the bonds that financed the cost of the project are paid; or
      2. (ii) provision satisfactory to the Corporation is made for their payment.
   2. (2) Consideration required under paragraph (1) of this subsection may be nominal.

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008.