1835-F - Loans to lenders funds.

§  1835-f.  Loans  to lenders funds. 1. The following shall constitute  loans to lenders funds of the authority and shall be kept  separate  and  apart from all other funds of the authority: (a) the proceeds of sale of  loans  to  lenders  bonds  and  notes  hereafter  issued, (b) any moneys  appropriated and made available by the state for the  purposes  of  this  subtitle,  (c)  any  moneys  made  available  to  the  authority for the  purposes of this subtitle  from  any  other  source,  including  without  limitation, any federal agency, (d) any moneys received by the authority  as  principal, interest and other payments on account of loans hereafter  made by the authority pursuant to this subtitle, (e) any  fees,  charges  or other moneys received by the authority in respect of loans to lenders  hereinafter  made  by  the  authority  pursuant  to  this subtitle or on  account of  applications  therefor,  and  (f)  any  income  or  interest  hereafter  earned  by  or  any increment hereafter added to any loans to  lenders funds due to the investment thereof.    2. Subject to the terms of any agreement with lenders, bondholders and  noteholders, loans to lenders funds may be used by the authority solely:  (a) to make loans to lenders for the  purpose  of  financing  loans  for  agricultural  business  projects  in  any  area of the state, (b) to pay  expenses of  the  authority  referred  to  in  any  of  the  clauses  of  subdivision  one of section eighteen hundred twenty-eight of this title,  (c) to repay advances from the state for use as loans to  lenders  funds  in  accordance  with any provision of law or repayment agreement between  the authority and the  state,  (d)  to  pay  the  principal,  redemption  premium  or interest on loans to lenders bonds or notes, (e) to purchase  outstanding loans to lenders bonds and notes or (f) to exercise  any  of  the powers conferred in this subtitle.