§39A‑203  Use of revenues derived fromproject agreement.  The department shall have the right to appropriate,apply, or expend the revenues derived from the project agreement for an energyproject for the following purposes:

(1)  To pay when due all special purpose revenue bondsand interest thereon, for the payment of which the revenues are or have beenpledged, charged, or otherwise encumbered, including reserves therefor; and

(2)  To the extent not paid by the project party toprovide for all expenses of administration, operation, and maintenance of theenergy project, including reserves therefor.

Unless and until adequate provision has been madefor the foregoing purposes, the department shall not transfer the revenuesderived from the project agreement to the general fund of the State. [L 1981, c151, pt of §2]