No funds appropriated towards the program established in this Chapter shall be released by GHC unless one (1) of the following conditions are satisfied:

(a) Local Financial Institutions submit in writing to GHC their intention to participate in one (1) or more of the programs; or

(b) Any Federal Housing Assistance Agency that may participate in one (1) or more of the programs, express its intention, in writing, to underwrite or purchase the local Financial Institution’s participation in such program.

2015 NOTE: Subsection designations were altered to adhere to the
Compiler’s alpha-numeric scheme pursuant to the authority granted by 1
GCA § 1606.

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ARTICLE 6
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