The authority may borrow money and issue its bonds from time to time in such principal amounts as the authority determines is necessary to provide sufficient funds to:

1. (1) carry out the powers stated in this chapter;
2. (2) pay the principal of and premium on, if any, and interest on bonds of the authority;
3. (3) establish reserves to secure the bonds; and
4. (4) make all other expenditures of the authority incident to, necessary to, and convenient to carry out its purposes and powers under this chapter.

As added by P.L.229-2017, SEC.16.