Article 5 Residential Care Facilities for the Elderly Authorities 31-7-110. 31-7-111. 31-7-112. 31-7-113. 31-7-114. 31-7-115. 31-7-116. 221 Short title. Findings; declaration of policy. Definitions. Creation of Residential Care Facilities for the Elderly Authority in each county and municipality; board of directors. Powers of authorities. Lease or sale of projects. Provisions contained in obliSec. 31-7-117. 31-7-118. 31-7-119. 31-7-120. 31-7-130. 31-7-131. 31-7-132. gations and security for obligations; procedures for issuance of bonds and bond anticipation notes; interest rates; limitations and conditions. Liability for bonds or other obligations. Exemption from taxation. Holding moneys as trust funds; pledges for payment of bonds. Construction of article. 31-7-142.