5-1166. Debt service account



(Conditionally Rpld.)



A. If the authority issues bonds under this article, the authority board shall
establish a debt service account within the general fund consisting of monies designated
and dedicated by the board for repayment of the bonds and payment of costs and related
expenses associated with redeeming the bonds.


B. Monies in the debt service account may be used only for the purposes authorized
by this article.


C. The authority's fiscal agent shall administer and account for the debt service
account.