§39A‑206  Refunding special purposerevenue bonds.  The legislature, by act enacted by an affirmative vote oftwo-thirds of the members to which each house is entitled, may authorize theissuance of refunding special purpose revenue bonds for the purpose ofrefunding any special purpose revenue bonds then outstanding and issued underthis part, whether or not such outstanding special purpose revenue bonds havematured or are then subject to redemption.  The legislature may provide, by actenacted by an affirmative vote of two-thirds of the members to which each houseis entitled, for the issuance of a single issue of special purpose revenuebonds for the combined purposes of (1) financing the cost of an energy projector improvement or expansion thereof, and (2) refunding special purpose revenuebonds which shall theretofore have been issued under this part and shall thenbe outstanding, whether or not such outstanding special purpose revenue bondshave matured or are then subject to redemption.  Nothing in this section shallrequire or be deemed to require the department to elect to redeem or prepayspecial purpose revenue bonds being refunded, or to redeem or prepay specialpurpose revenue bonds being refunded which were issued in the form customarilyknown as term bonds in accordance with any sinking fund installment schedulespecified in any law authorizing the issuance thereof, or, in the event thedepartment elects to redeem or prepay any such bonds, to redeem or prepay as ofany particular date or dates.  The issuance of such special purpose revenuebonds, the maturities and other details thereof, the rights and remedies of theholders thereof, and the rights, powers, privileges, duties, and obligations ofthe department with respect to the bonds, shall be governed by the foregoingprovisions of this part insofar as the provisions may be applicable. [L 1981, c151, pt of §2]