5-833. Construction account


A. The authority shall maintain a construction account in the general fund
consisting of:


1. Monies received by the authority from any source for the purpose of acquiring
land for and funding the cost of constructing a multipurpose facility, including
financial participation for capital costs of the facility from any private or public
source.


2. Proceeds of bonds issued by the authority pursuant to section 5-863, which shall
be held in a segregated bond proceeds subaccount in the construction account.


B. The authority may spend monies in the construction account for costs of any
multipurpose facility purpose, as defined in section 5-861.