67-8718. CREDIT ENHANCEMENT OR LIQUIDITY. (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.
History:
[67-8718, added 2001, ch. 130, sec. 1, p. 458.]
Structure Idaho Code
Title 67 - STATE GOVERNMENT AND STATE AFFAIRS
Chapter 87 - IDAHO BOND BANK AUTHORITY
Section 67-8701 - SHORT TITLE.
Section 67-8702 - DEFINITIONS.
Section 67-8704 - RETENTION OF OUTSIDE SERVICES.
Section 67-8705 - POWERS AND DUTIES OF THE AUTHORITY.
Section 67-8706 - ANNUAL REPORT.
Section 67-8707 - NEGOTIABILITY OF BONDS.
Section 67-8708 - BONDS AS LEGAL INVESTMENTS.
Section 67-8709 - TAX EXEMPTION.
Section 67-8711 - PURCHASE AND DISPOSITION OF BONDS.
Section 67-8712 - PRESUMPTION OF VALIDITY.
Section 67-8713 - RESERVE FUND — ADDITIONAL FUNDS AND ACCOUNTS.
Section 67-8714 - PERSONAL LIABILITY.
Section 67-8715 - EXEMPTION FROM EXECUTION AND SALE.
Section 67-8716 - UNLIMITED SALES TAX RECEIPTS PLEDGE.
Section 67-8717 - LIEN OF PLEDGE.
Section 67-8718 - CREDIT ENHANCEMENT OR LIQUIDITY.
Section 67-8719 - SURETY FOR DEPOSITS BY BANK.
Section 67-8720 - EXPENSES OF ADMINISTRATION.
Section 67-8722 - MUNICIPAL BONDS.
Section 67-8723 - COMPLETE AUTHORITY.
Section 67-8724 - RIGHTS NOT TO BE IMPAIRED BY STATE.
Section 67-8726 - COOPERATION BY GOVERNMENT AGENCIES.