NAC319.818. Obligation of Division to purchase loan.

Latest version.

Unless a loan to conserve energy is to be financed by a source other than the proceeds from the sale of bonds, the obligation of the Division to purchase the loan is subject to the issuance and sale of bonds or other obligations of the Division:

     1. Within the period prescribed by the application;

     2. In an amount sufficient to permit the purchase; and

     3. Under terms and conditions which are acceptable to the Division.

(Added to NAC by Housing Division, eff. 12-16-82)

                    
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