Most of the securities subscribed from the subsections 1 to three, inclusive, shall

3. The state may also issue revenue bonds for the purpose of providing part or all of the funds required for any project undertaken under subsection 1, payable solely from sums actualized from payments of principal and interest on money loaned for such project, and from other similar projects if so determined by the legislaure legislative set-up and from the liquidation of security given for such payments. Revenue bonds issued for any project shall may not exceed the cost thereof of your venture, including all expenses reasonably incurred to complete and finance the project, but shall ount.

Their responsibility in terms of bonds provided under subsection step three should

4. have to be pledged for the prompt and full payment of all bonds issued under subsection 2. must be limited to the prompt and full performance of such covenants as the legislature legislative set-up may authorize to be made respecting the enforcing of the provisions of underlying loan agreements and the segregation, accounting, and application of bond proceeds and of loan payments and other security pledged for the payment of the bonds. Continue reading →