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2414 VETOES
DETERMINE THAT THE ACQUISITION OF THE FACILITY WILL:
(I) DISCOURAGE THE FACILITY USER FROM LEAVING
THE STATE; OR
(II) PRESERVE THE COMPETITIVE POSITION OF THE
FACILITY USER IN ITS INDUSTRY.
(D) OPERATION BY AUTHORITY. - THE AUTHORITY SHALL DETERMINE
THAT THE AUTHORITY WILL NOT BE REQUIRED, EXCEPT ON DEFAULT, TO
OPERATE, SERVICE, OR MAINTAIN THE FACILITY OR ENERGY PROJECT.
(E) SECURITY. - THE BONDS OR INSTRUMENTS WITH RESPECT TO
WHICH FINANCIAL ASSISTANCE IS PROVIDED BY THE AUTHORITY SHALL BE
SECURED IN A MANNER APPROVED BY THE AUTHORITY.
(F) AMOUNT OF FINANCIAL ASSISTANCE. - FINANCIAL ASSISTANCE
PROVIDED BY THE AUTHORITY FROM THE BOND INSURANCE FUND WITH
RESPECT TO ANY ONE FACILITY MAY NOT EXCEED THE TOTAL AGGREGATE
AMOUNT OF $5,000,000.
(G) LEVERAGE OF FUND. - THE TOTAL AGGREGATE AMOUNT OF
INSURANCE FROM THE BOND INSURANCE FUND WITH RESPECT TO THE
INSURED PORTIONS OF PRINCIPAL OF BONDS OR OTHER INSTRUMENTS MAY
NOT EXCEED AT ANY TIME AN AMOUNT EQUAL TO 5 TIMES THE BALANCE IN
THE BOND INSURANCE FUND.
13-131.
SUBJECT TO THE PROVISIONS OF THIS PART IV, THE AUTHORITY
MAY, FROM THE AUTHORIZED PURPOSE INSURANCE FUND:
(1) INSURE THE PAYMENT OR REPAYMENT OF ALL OR ANY
PART OF THE PRINCIPAL OF, REDEMPTION OR PREPAYMENT PREMIUMS OR
PENALTIES ON, AND INTEREST ON AUTHORIZED PURPOSE OBLIGATIONS; AND
(2) PAY OR INSURE THE PAYMENT OF ANY FEES OR PREMIUMS
NECESSARY TO OBTAIN INSURANCE, GUARANTEES, OR OTHER CREDIT
SUPPORT FROM ANY PERSON IN CONNECTION WITH FINANCIAL ASSISTANCE
PROVIDED BY THE AUTHORITY UNDER THIS SUBTITLE.
13-132.
(A) THE AUTHORITY MAY USE THE AUTHORIZED PURPOSE INSURANCE
FUND FOR THE PURPOSES DESCRIBED IN § 13-131 OF THIS SUBTITLE ONLY
IF THE REQUIREMENTS OF THIS SECTION ARE SATISFIED.
(B) ECONOMIC IMPACT. - THE AUTHORITY SHALL DETERMINE, IN
ITS SOLE AND ABSOLUTE DISCRETION, THAT THE ECONOMIC IMPACT OF THE
TRANSACTION WILL BE SUBSTANTIAL. TO DETERMINE THE ECONOMIC
IMPACT OF A TRANSACTION, THE AUTHORITY MAY CONSIDER ANY FACTOR IT
CONSIDERS RELEVANT.
(C) REMOVAL OR ABANDONMENT. - (1) THE AUTHORITY SHALL
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