Interests of bondholders protected

Acceptance of grants and contributions from federal and other sources. Moneys received deemed trust funds. Fixing, collecting, and assigning rentals and charges for use of projects. Rules and regulations for operation of projects. Accounts; audits. Power of regents to issue revenue bonds not affected. Article provides additional method and powers. Article to be liberally construed. Article 6 Private Colleges and Universities Authority 20-3-200. 20-3-201. 20-3-202. 20-3-203. 20-3-204. 20-3-205. 20-3-206. 20-3-207. 20-3-208. 20-3-209. 20-3-210. 20-3-211. 6 Short title. Definitions. Creation; membership; officers; compensation of members; expenses of members; organization; duration; quorum. Purpose; powers and duties. Issuance of revenue bonds; source of payment; negotiability; terms; validation; sale; interim and replacement bonds; execution; duration of liability. Immunity from liability of members and persons executing bonds or notes. Credit of state or subdivisions not pledged; no taxation or appropriation for authority. Remedies of bondholders. Pledge of and lien on revenues to secure bonds. Exemption of authority and bonds from taxation. Interest of bondholders protected. Disposition of moneys received by authority. Sec. 20-3-212. 20-3-213.