Nothing contained in this chapter shall be construed as prohibiting or preventing any government entity, whether or not an emergency period has been declared, from issuing to consenting holders of any covered obligation any debt instrument or other evidence of indebtedness, in payment, renewal or refunding of or in exchange for such consenting holder’s covered obligation, on terms that otherwise comply with this Act and any other applicable law.
History —Apr. 6, 2016, No. 21, § 206.