40:37A-128 - Insurance or guarantee of loan; agreement with department or agency of federal government - New Jersey Statutes

40:37A-128.  Insurance or guarantee of loan;  agreement with department or agency of federal government
    The authority is authorized and empowered to obtain, or aid in obtaining, from any department or agency of the United States any insurance or guarantee as to, or of or for the payment or repayment of interest or principal, or both,  or any part thereof, on any loan or any instrument evidencing or securing the  same, made or entered into pursuant to the provisions of this act;  and  notwithstanding any other provisions of this act to enter into any agreement,  contract or any other instrument whatsoever with respect to any such insurance  or guarantee, and except payment in such manner and form as provided therein in  the event of default by the borrower.

     L.1979, c. 275, s. 23, eff. Jan. 3, 1980.