49-16B-26. Bonds--Repayment from lease income and revenues from facilities financed.
57 words·~1 min read·
/sd/title-49/chapter-49-16/49-16b-26·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Such bonds shall be payable solely and only from:
(1)Income to be derived from rental leases as provided in §§ 49-16B-15 to 49-16B-21 , inclusive; and
(2)Revenues to be derived by the authority from the operation of such facilities acquired, constructed, improved, or equipped in whole or in part with the proceeds of such bonds.