§ 11-320. Project financing

   (a) Loans. -- The authority may:

   (1) lend or otherwise make available its net revenue to finance costs of a project; and

   (2) enter into a financing agreement, mortgage, or other instrument that it determines is necessary or desirable to evidence or secure the loan.

(b) Leases. -- A lease of property of the authority may require or authorize the lessee or another person, on conveyance of the property to the authority, to purchase or otherwise acquire the property for consideration that the authority establishes.

HISTORY: An. Code 1957, art. 83A, § 5-1706(b); 2008, ch. 306, § 2.