A. The credit enhancement eligibility board terminates on July 1, 2026.

B. Title 41, chapter 56, articles 10 and 11 are repealed on January 1, 2027 only if both of the following apply:

1. The board has no outstanding program funding obligations issued pursuant to Title 41, Chapter 56, Article 11 or the legislature has otherwise provided for paying or retiring any outstanding program funding obligations issued pursuant to Title 41, Chapter 56, Article 11.

2. There are no outstanding guaranteed financings approved pursuant to Title 41, Chapter 56, Article 11.

C. If both of the conditions in subsection B of this section do not exist on January 1, 2027, Title 41, Chapter 56, articles 10 and 11 are repealed thirty days after both of the conditions in subsection B of this section are met.