Note
Grants for projects; exemption from chapter 42F. L 2001, c 180, §4.
[§206E-186] Special facility revenue bonds; special funds. (a) A separate special fund shall be established for each special facility financed from the proceeds of the revenue bonds secured under the same trust indenture. Each fund shall be designated "special facility revenue bond special fund" and shall bear additional designation as the authority deems appropriate to properly identify the fund.
(b) Notwithstanding any other law to the contrary, including particularly section 206E-16, all revenues, income, and receipts derived from the special facility for which the revenue bonds are issued shall be paid into the special facility revenue bond fund established for that special facility and applied as provided in the proceedings authorizing the issuance of the revenue bonds. [L 2001, c 180, pt of §2]
Section: Previous 206e-151-to-206e-159 206e-171-to-206e-173 206e-181 206e-182 206e-183 206e-184 206e-185 206e-186 206e-191 206e-192 206e-193 206e-194 206e-195 206e-196 206e-197 NextLast modified: October 27, 2016