Common Contracts
1 similar Credit Enhancement Program Agreement contracts
MINNESOTA PUBLIC FACILITIES AUTHORITY CREDIT ENHANCEMENT PROGRAM AGREEMENTCredit Enhancement Program Agreement • October 10th, 2020
This Credit Enhancement Program Agreement, ("the Agreement"), is made between the Minnesota Public Facilities Authority (the "Authority") and [name of city or county] , Minnesota (the "Governmental Unit"), in order to comply with the requirements of Minnesota Statutes, Section 446A.086 (the “Act”). The Governmental Unit has passed a resolution dated [resolution date], (the “Resolution) authorizing the issuance of its $[principal amount] [name of bond issue] (the “Bonds”), the proceeds of which will be used to provide funds for [specify type of facilities] . The Governmental Unit represents that the Resolution authorizes the Governmental Unit to enter into this Agreement and obligates the Governmental Unit to be bound by the provisions of the Act. The Governmental Unit and the Authority agree as follows:
