Bonds. The proceeds of sale of any bonds may be expended for any one or more of the following purposes, all as provided in the indenture relating to such bonds: (a) For the acquisition of notes of any person secured by a mortgage described in §2103(i) of this Title to accomplish any lawful purpose of the Authority; (b) For the payment of legal and fiscal fees and costs relating to the issuance and sale of the bonds; (c) For payment of any other costs or expenses relating to the authorization, issuance or sale of bonds; (d) For deposit in any one or more reserve funds or accounts or in any working capital fund or account or contingency fund or account relating to mortgage acquisition; (e) For payment of interest on bonds during the period of actual mortgage acquisition;
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(f) For payment of trustees’ fees and costs and fees incurred by it; (g) For payment of the principal of and interest on any indebtedness incurred pursuant to this Chapter that is by its terms repayable from the proceeds of sale of bonds. SOURCE: GC §53607.22 as added by P.L. 11-18; amended by P.L. 11-34, Subsection (a) further amended by P.L. 17-39.