Section 5-432 - Leverage limitations.
§ 5-432. Leverage limitations.
The portion of the aggregate principal amount of bonds and authorized purpose obligations that the Fund insures at any time may not exceed 5 times the Fund balance.
[An. Code 1957, art. 83A, §§ 5-917(g), 5-919(h); 2008, ch. 306, § 2; ch. 307, § 1.]