1. (a) The Corporation may:

   1. (1) lend or otherwise make available the proceeds of its bonds to a person to finance costs of a project; and
   2. (2) enter into a financing agreement, mortgage, or other instrument that it determines is necessary or desirable to evidence or secure the loan.

2. (b)

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

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

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