§ 22-206. Security.

Latest version.

   As determined by the Commission, bonds issued under this subtitle may be secured by or made payable from:

   (1) letters of credit;

   (2) lines of credit;

   (3) bond purchase agreements;

   (4) bond insurance policies;

   (5) guaranty agreements; and

   (6) similar credit arrangements.

HISTORY: An. Code 1957, art. 29, § 4-207; 2010, ch. 37, § 3.

                    
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