§ 16-62.1-8. No adverse effect on authority’s bond issues or rating.
Notwithstanding any provision of this chapter to the contrary, to the extent, if any, that this interest forgiveness program shall have any material adverse effect on the authority’s ability to issue negotiable bonds and notes, the authority shall be empowered to suspend this program on a prospective basis, provided that any individual who has previously been determined to be eligible for the program’s benefits shall retain their eligibility up to the maximum period prescribed in this chapter.
History of Section.
P.L. 2001, ch. 332, § 1.