- (a) The Authority shall pay the bonds issued in accordance with this part only from the property or receipts of the Authority.
(b) Property and receipts of the Authority include:
- (1) taxes, fees, charges, or other revenues payable to the Authority;
- (2) payments in accordance with letters of credit, lines of credit, insurance policies, or purchase agreements;
- (3) investment earnings from funds or accounts maintained in accordance with a bond resolution or trust agreement;
- (4) the proceeds of refunding bonds; and
- (5) any other source authorized by law.
Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008. Amended by Acts 2013, c. 647, § 1, eff. July 1, 2013.