Sec. 10. If the board of directors:
(1) decides not to enter into a loan agreement with a federal agency by installment note or series of notes; and
(2) instead prepares a bond issue, in whole or in part;
the board of directors may offer the bond issue for sale to a federal agency without a public offering or the securing of competitive bids on the bond offering.
[Pre-1995 Recodification Citation: 13-2-29-1(d).]
As added by P.L.1-1995, SEC.20.
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