Section 5-424 - Purpose.

§ 5-424. Purpose.
 

The Fund shall be used: 

(1) for the purposes described in Part VI and §§ 5-430, 5-431, and 5-438 of this subtitle; and 

(2) to pay expenses of the Authority, including expenses: 

(i) for administrative, legal, actuarial, and other services; 

(ii) related to: 

1. issuance or insurance of bonds and authorized purpose obligations; and 

2. funding of reserves; or 

(iii) of providing other financial assistance under this subtitle. 
 

[An. Code 1957, art. 83A, § 5-914(c); 2008, ch. 306, § 2.]