5-836. Operating account


A. The authority shall maintain an operating account consisting of monies
transmitted to the account pursuant to sections 5-834 and 5-835.


B. The authority may spend monies in the operating account for costs incurred for
any of the following purposes:


1. Operating, marketing, promoting, furnishing and equipping a multipurpose
facility.


2. Paying all costs associated with the authority's administrative duties as
provided in sections 5-804 and 5-805.


3. Payment to the debt service account established by section 5-865 to be used for
payment or early redemption of bonded indebtedness.


C. The authority shall establish in the operating account:


1. A reserve to meet future operating costs of the authority, including amounts
that are sufficient to pay all costs associated with events held at the multipurpose
facility.


2. A reserve for repair, replacement and removal costs associated with the
multipurpose facility in an amount at least equal to twenty-five million dollars,
adjusted for inflation each year after 2001.


D. This state is not liable or responsible for the operating costs of the
authority, including the operating, marketing, promotion, furnishing, equipping, repair
or replacement costs of any facility or project funded by the authority.