The revenues, rents, purchase payments, financing charges, or other earnings derived from any particular project may be pledged and allocated by the authority pursuant to appropriate resolution as security for any issue of revenue bonds; and such resolution may fully provide for such remedies of bondholders as may be deemed necessary or appropriate by the authority in connection with the issuance of the revenue bonds. A statutory lien on revenues received by the authority in connection with the financing of any project is created for the benefit of the holders of the revenue bonds of the authority issued for such project.
Section: Previous 20-3-201 20-3-202 20-3-203 20-3-204 20-3-205 20-3-206 20-3-207 20-3-208 20-3-209 20-3-210 20-3-211 20-3-212 20-3-213 20-3-214 NextLast modified: October 14, 2016