The board may create funds and accounts necessary to implement this part. The funds and accounts may include:

1. (1) a fund into which bond proceeds are deposited;

2. (2) a common bond fund consisting of:

   1. (a) a common debt service account;
   2. (b) a capital reserve account as provided in 17-5-1515; and
   3. (c) an operating account for defraying the operational costs of the board; and
3. (3) other funds or accounts.

History: En. Sec. 12, Ch. 686, and Sec. 14, Ch. 701, L. 1983; amd Sec. 48, Ch. 281, L. 1983.