§ 11-413. Powers -- Borrowing authority

Latest version.

   The Corporation may:

   (1) borrow money to finance costs of a project or for any other corporate purpose of the Corporation;

   (2) secure the payment of the borrowing by pledge of or mortgage or deed of trust on property or revenues of the Corporation; and

   (3) combine projects for financing.

HISTORY: An. Code 1957, art. 83A, § 5-1604(11), (12); 2008, ch. 306, § 2.

                    
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