§ 5-574. Premiums and fees

Latest version.

   (a) In general. -- In its sole discretion, the Authority may set:

   (1) the premiums and fees for providing bonding assistance under the Program; and

   (2) the terms and conditions when the premiums and fees are payable.

(b) Variability. -- The premiums and fees may vary in amount among transactions and at different stages of a transaction.

(c) Period of effectiveness. -- A determination by the Authority on premiums and fees remains effective for as long as the bonding assistance provided by the Authority is in effect.

HISTORY: An. Code 1957, art. 83A, § 5-1039; 2008, ch. 306, § 2.

                    
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