11-11-37. Acceptance of legislative appropriations--Purposes to which applied.
65 words·~1 min read·
/sd/title-11/chapter-11-11/11-11-37·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The authority may accept such moneys as may be appropriated from time to time by the Legislature for effectuating its corporate purposes including, without limitation, the payment of the expenses of administration and operation and the establishment of reserves or contingency funds to be available for the payment of the principal of and the interest on any bonds, notes, or other obligations of the authority.