5-864. Bond proceeds subaccount


A. If the authority issues bonds under this article, the board shall establish a
bond proceeds subaccount within the construction account established by section 5-833
consisting of monies received from the sale of the bonds.


B. The authority may use monies in the bond proceeds subaccount only for
multipurpose facility purposes in the manner prescribed by this chapter.


C. The treasurer or fiscal agent of the authority shall administer and account for
the bond proceeds subaccount.