Idaho § 67-8718 CREDIT ENHANCEMENT OR LIQUIDITY

Idaho Statutes

§ 67-8718 — CREDIT ENHANCEMENT OR LIQUIDITY

Idaho·Title 67 STATE GOVERNMENT AND STATE AFFAIRS·Ch. 87 IDAHO BOND BANK AUTHORITY

(1)The authority may enter into agreements to obtain, from a department or agency of the United States or from a nongovernmental financial institution or other entity, insurance, guaranty or other credit enhancement or liquidity for the payment of interest or principal on, or payment of the purchase price on tender of:

(a)Bonds issued by the authority;

(b)Municipal bonds purchased or held by the authority; and

(c)Other municipal bonds as the authority determines to be appropriate.

(2)Agreements as provided in subsection (1) of this section may contain such payment, interest rate, security, default, remedies or other terms and conditions as the authority may determine to be necessary or appropriate.

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(1) The authority may enter into agreements to obtain, from a department or agency of the United States or from a nongovernmental financial institution or other entity, insurance, guaranty or other credit enhancement or liquidity for the payment of interest or principal on, or payment of the purchase price on tender of:
(a) Bonds issued by the authority;
(b) Municipal bonds purchased or held by the authority; and
(c) Other municipal bonds as the authority determines to be appropriate.
(2) Agreements as provided in subsection (1) of this section may contain such payment, interest rate, security, default, remedies or other terms and conditions as the authority may determine to be necessary or appropriate.

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