Current with changes from the 2024 Legislative Session
Section 7-306 - Governmental participation in financing(a) Subject to constitutional limitations, this State and its political subdivisions may: (1) Make grants to the Administration;(2) Guarantee any obligations of the Administration;(3) Make contributions to meet any operating expenses of the Administration; and(4) Contract with the Administration, any lender, or any trustee under an indenture or loan agreement made by the Administration.(b) Unless otherwise authorized by law, the Administration: (1) Does not have any power to impose any commitment or obligation on this State or any of its political subdivisions; and(2) May not levy any tax.