11-25-7 - Expenditures for services and advisers.
11-25-7. Expenditures for services and advisers.
The agency may employ engineering, architectural, accounting, collection, or otherservices, including services in connection with the servicing of loans made to participating parties,as may be necessary in the judgment of the agency for the successful financing of such residentialrehabilitation. The agency may pay the reasonable costs of consulting engineers, architects,accountants, and construction experts, if, in the judgment of the agency, such services arenecessary to the successful financing of any residential rehabilitation and if the agency is not ableto provide such services. The agency may employ and fix the compensation of financingconsultants, bond counsel, and other advisers as may be necessary in its judgment to provide forthe issuance and sale of any bonds or bond anticipation notes of the agency.
Enacted by Chapter 276, 1977 General Session