1-16A-91 Issued indebtedness for accounts receivable program.
Issued indebtedness for accounts receivable program.
The authority may
participate in and issue bonds and other forms of indebtedness for the purpose of establishing and
maintaining an accounts receivable program on behalf of one or more participating health
institutions. Such bonds and other evidences of indebtedness shall be issued payable from the
revenues derived from the accounts receivable, and any other provisions of this chapter to the
contrary notwithstanding, such bonds and other evidences of indebtedness may be issued with or
without recourse to the participating health institution or institutions from which the accounts
receivable are purchased.
Source: SL 1994, ch 8, § 4.