5-865. Debt service account


A. If the authority issues bonds under this article the board shall establish a
debt service account 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 treasurer or fiscal agent of the authority shall administer and account for
the debt service account.