The commission may periodically provide by resolution for the issuance of bonds of the commission for the purpose of paying all or any part of the cost of at least one (1) park project. The principal of and the interest on the bonds is payable from:

1. (1) the park revenues; or

2. (2) any other revenues;

   specifically pledged or committed by statute to the payment of the principal and interest.

   [Pre-1995 Recodification Citation: 14-3-12-10 part.]

As added by P.L.1-1995, SEC.7. Amended by P.L.96-2008, SEC.6.