Use of Projects

Act 34 of 1949, § 13, under GENERAL STATE AUTHORITY ACT OF ONE THOUSAND NINE HUNDRED FORTY-NINE, THE.

Act 34 of 1949, § 13

Section 13. Use of Projects.--The use of the facilities of the Authority and the operation of its business shall be subject to the rules and regulations from time to time adopted by the Authority: Provided, however, That the Authority shall not be authorized to do anything which will impair the security of the holders of the obligations of the Authority or violate any agreements with them or for their benefit.