§ 122A-9 – Trust agreement or resolution.
122A-9. Trust agreement or resolution. In the discretion of the Agency any obligations issued under the provisions of this Chapter may be secured by a trust agreement by and between the Agency and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or without the […]
§ 122A-10 – Validity of any pledge.
122A-10. Validity of any pledge. The pledge of any assets or revenues of the Agency to the payment of the principal of or the interest on any obligations of the Agency shall be valid and binding from the time when the pledge is made and any such assets or revenues shall immediately be subject to […]
§ 122A-5.2 – Mortgage insurance authority.
122A-5.2. Mortgage insurance authority. (a) The Agency may upon application of a proposed mortgagee insure and make advance commitments to insure payments required by a loan for residential housing for persons of lower income upon such terms and conditions as the Agency may prescribe. Mortgage loans insured by the Agency under this Chapter may provide […]
§ 122A-11 – Trust funds.
122A-11. Trust funds. Notwithstanding any other provisions of law to the contrary, all moneys received pursuant to the authority of this Chapter shall be deemed to be trust funds to be held and applied solely as provided in this Chapter. The resolution authorizing any obligations or the trust agreement securing the same may provide that […]
§ 122A-5.3 – Energy conservation loan authority.
122A-5.3. Energy conservation loan authority. (a) The Agency may guarantee the payment or collection of energy conservation loans pursuant to and in accordance with the provisions of this Chapter when the Agency has given its approval prior to the initial making of the loan; provided that any such guarantee shall be made only upon determination […]
§ 122A-12 – Remedies.
122A-12. Remedies. Any holder of obligations issued under the provisions of this Chapter or any coupons appertaining thereto, and the trustee under any trust agreement or resolution authorizing the issuance of such obligations, except to the extent the rights herein given may be restricted by such trust agreement or resolution, may, either at law or […]
§ 122A-5.4 – Housing for persons and families of moderate income.
122A-5.4. Housing for persons and families of moderate income. (a) The General Assembly hereby finds and determines that there is a serious shortage of decent, safe and sanitary housing which persons and families of moderate income in the State can afford; that it is in the best interests of the State to encourage home ownership […]
§ 122A-13 – Negotiable instruments.
122A-13. Negotiable instruments. Notwithstanding any of the foregoing provisions of this Chapter or any recitals in any obligations issued under the provisions of this Chapter, all such obligations and interest coupons appertaining thereto shall be and are hereby made negotiable instruments under the laws of this State, subject only to any applicable provisions for registration. […]
§ 122A-5.5 – Rehabilitation Loan Authority.
122A-5.5. Rehabilitation Loan Authority. (a) In order to effectuate the authority of the Agency to participate in commitments to purchase and to purchase mortgage loans for the rehabilitation of existing residential housing the Agency is hereby empowered to adopt, modify or repeal rules and regulations governing the making or participation in the making of mortgage […]
§ 122A-14 – Obligations eligible for investment.
122A-14. Obligations eligible for investment. Obligations issued under the provisions of this Chapter are hereby made securities in which all public officers and public bodies of the State and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally invest funds, including capital […]