The authority shall keep account of the gross total income derived from each separate project or any combination thereof undertaken pursuant to this chapter. Disbursements from a given account in the railroad authority fund shall be ordered by the authority only for the payment of:

1. (1) The principal of and interest on the bonds issued for each project, or combination thereof;
2. (2) The cost of maintenance and operation of the facility or facilities, unless otherwise provided for; and
3. (3) Any other purposes set forth in the resolution authorizing the issuance of said bonds.

Source: SL 1980, ch 323 , § 37.