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



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



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



Unless and until adequate provision has been made
for the foregoing purposes, the department shall not transfer the revenues
derived from the project agreement to the general fund of the State. [L 1981, c
151, pt of §2]