LD 1625
pg. 4
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LR 2152
Item 1

 
payments pursuant to agreements with financial institutions,
educational institutions or any governmental entity; payments
pursuant to interest rate exchange agreements; investment earnings
from funds or accounts maintained pursuant to a trust agreement or
other document; proceeds of refunding bonds; and other fees,
charges or revenues of the authority.

 
Bonds issued by the authority for the purposes of this chapter,
the resolution authorizing the issuance of such bonds or any
trust agreement authorized for the issuance of such bonds may
include such provisions, which must be part of the contract with
the holders of the bonds of such issue and with any 3rd-party
credit or liquidity provider or counterparties to interest rate
exchange agreements, as the authority considers necessary or
convenient to the security or issuance of the bonds, including
without limitation:

 
A.__Specifying the payment terms of bonds, including the
basis upon which interest accrues on those bonds, which may
be fixed, variable, auction-based or adjustable; the payment
of principal at maturity or redemption; a date or dates, and
a maturity at a time or times, whether as serial bonds or as
term bonds, or both, determined by the authority; the
denominations and form, which may include coupon,
registered, coupon and registered or book entry; and such
privileges as to conversion and for the replacement of
mutilated, lost or destroyed bonds as the authority may
establish;

 
B.__Providing that bonds be payable in lawful money of the
United States at a designated place or be payable in another
form of currency if the authority so designates and be
considered to be negotiable instruments issued under the
laws of the State within the meaning and for all purposes of
Title 11, Article 3-A, whether or not of the form or
character to so qualify under the terms of Title 11, Article
3-A, subject only to the applicable provisions of any trust
agreement;

 
C.__Providing that bonds be executed by the manual or
facsimile signatures of the officers or designees of the
authority;

 
D.__Providing that bonds be sold in the manner and upon the
terms determined by the authority at public or private sale,
with or without public bidding;

 
E.__Pledging or assigning revenues, contractual rights and
other assets to secure the bonds;


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