[§39A-263]  Use of revenues derived fromproject agreement.  The department shall have the right to appropriate,apply, or expend the revenues derived with respect to the project agreement fora project for the following purposes:

(1)  To pay when due all special purpose revenuebonds, premium (if any), and interest on the bonds for the payment of which therevenues are or have been pledged, charged, or otherwise encumbered, includingreserves; and

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

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 2002, c257, pt of §1]