COL1312018
All revenues received from the operation of the system shall be deposited to the credit of the Jose D. Leon Guerrero Commercial Port Revenue Fund, which fund is hereby created. Moneys in the Jose D. Leon Guerrero Commercial Port Revenue Fund may be used for any of the following purposes in the order of priority set forth in any indenture as provided in 12 GCA § 10210(j): (a) to pay the annual system operation and maintenance costs; (b) to pay principal or interest on any bonds; (c) to replenish any debt service reserve funds related to bonds; (d) to pay any amounts due and owing under any payment agreement or any credit provider reimbursement agreement; and (e) for any other purposes of the Authority; all as provided in any indenture or indentures and subject to any restrictions provided by law or any indenture. SOURCE: Added by P.L. 13-087:1 (Oct. 31, 1975) as GC § 14081. Codified as 12 GCA § 10232. Repealed and reenacted by P.L. 34-070:2 (Dec. 7, 2017). 2017 NOTE: This provision was originally enacted as Insurance, which was reenacted by P.L. 34-070:2 (Dec. 7, 2017) as 12 GCA § 10228, Insurance.