HARRY HUGHES, Governor                               2061

(II)  INTEREST RATES, MAXIMUM LOAN AMOUNTS,
AND THE TERMS OF LOANS;

(III)  ALLOCATIONS OF FUNDS AMONG CLASSES
OF ELIGIBLE BUILDINGS;

(IV)  CREDIT AND UNDERWRITING REQUIREMENTS;
AND

(V)  WARRANTIES, REPRESENTATIONS, FORMS OF
SECURITY, CERTIFICATIONS, INSPECTIONS AND AUDITS, AND ANY
OTHER MEANS OF ENSURING COMPLIANCE WITH AND ENFORCING THE
TERMS OF ANY FINANCIAL ASSISTANCE AWARDED UNDER THIS
SUBHEADING.

266DD-6.

(c) The Administration may borrow money and issue
bonds or notes to provide funds for making or participating
in making mortgage OR OTHER loans for any community
development project, ENERGY CONSERVATION PROJECT, INDUSTRIAL

ENERGY CONSERVATION PROJECT, OR SOLAR ENERGY PROJECT;

purchasing securities backed by a mortgage OR OTHER loan or
loans for a community development project, ENERGY
CONSERVATION PROJECT, INDUSTRIAL ENERGY CONSERVATION
PROJECT, OR SOLAR ENERGY PROJECT; meeting any development
cost[,]; purchasing a residential mortgage loan, or interest
in the loan[,]; making a loan to a mortgage lender[,];
making a residential mortgage loan to a family of limited
income[,]; or achieving any other of its purposes. Every
issuance of bonds or notes shall be pursuant to a
determination that the issuance is necessary to achieve one
or more purposes of the Administration. The determination
shall be made by the Director of the Administration or by
any person designated by the Secretary of Economic and
Community Development, and approved by the Secretary of
Economic and Community Development. The determination is
effective upon that approval, without any other proceeding,
action, or approval, and is conclusive of the matters
determined therein.

SECTION 6. AND BE IT FURTHER ENACTED, That this Act
shall take effect June July 1, 1981.

Approved May 12, 1981.

CHAPTER 498
(House Bill 650)
AN ACT concerning

Tax Credits - Geothermal Energy Equipment