Payment of Bonds from Sources Other Than Revenues

The Authority may use and expend all or any part of any funds other than revenues or proceeds of any property owned by it other than the system, whether received by gift, appropriation or otherwise (if not restricted as to the use of such funds or proceeds of property by the terms of gift or trust or provision of law) for the payment of bonds issued pursuant to the provisions of this Article and of interest due thereon. SOURCE: Added by P.L. 13-087:1 (Oct. 31, 1975) as GC § 14068. Codified as 12 GCA § 10219, entitled Preparation of Bonds and Documents. Repealed and reenacted by P.L. 34-070:2 (Dec. 7, 2017).