§ 5-424. Purpose

Latest version.

   The Fund shall be used:

   (1) for the purposes described in Part VI and § 5-430, 5-431, and 5-438 of this subtitle; and

   (2) to pay expenses of the Authority, including expenses:

      (i) for administrative, legal, actuarial, and other services;

      (ii) related to:

         1. issuance or insurance of bonds and authorized purpose obligations; and

         2. funding of reserves; or

      (iii) of providing other financial assistance under this subtitle.

HISTORY: An. Code 1957, art. 83A, § 5-914(c); 2008, ch. 306, § 2.

                    
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