The securities subscribed from the subsections step 1 to 3, inclusive, will
3. The state may also issue revenue bonds for the purpose of providing part or all of the funds required for any project undertaken under subsection 1, payable solely from sums realized from payments of principal and interest on private student loans money loaned for such project, and from other similar projects if so determined by the legislaure legislative system and from the liquidation of security given for such payments. Revenue bonds issued for any project shall may not exceed the cost thereof of opportunity, including all expenses reasonably incurred to complete and finance the project, but shall ount.
The responsibility in terms of bonds awarded below subsection step three should
4. need to be pledged for the prompt and full payment of all bonds issued under subsection 2. must be limited to the prompt and full performance of such covenants as the legislature legislative construction may authorize to be made respecting the enforcing of the provisions of underlying loan agreements and the segregation, accounting, and application of bond proceeds and of loan payments and other security pledged for the payment of the bonds. must mature within forty years from their respective dates of issue, but may be refunded at or before maturity in such manner and for such term and upon such conditions as the legislature legislative assembly may direct. Any such bonds may, but need not be, secured by mortgage upon real or personal property acquired with the proceeds of the same or any other issue of general obligation or revenue bonds, or upon other property mortgaged by the debtor. Leggi tutto “The full believe and you can credit of your own county should”