Wyoming Administrative Code
Agency 900 - Community Development Authority, Wyoming
Sub-Agency 0001 - General Agency, Board or Commission Rules
Chapter 1 - MORTGAGE PURCHASE PROGRAM
Section 1-5 - Allocation of Money for Mortgage Purchase
Universal Citation: WY Code of Rules 1-5
Current through September 21, 2024
(a) Money available to the Authority through the sale of its bonds or otherwise will from time to time be made available to mortgage lenders on such basis and in such manner as the Authority deems appropriate to effectuate its purposes. The Authority's determinations of the allocations of funds for mortgage purchase are conclusive.
(b) The obligation of the Authority to purchase any mortgage loans with the proceeds of the issuance of its bonds is subject to the issuance and sale of such bonds or other obligations of the Authority within the period prescribed in an amount sufficient to permit such purchase.
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