§49-10  Rates, rentals, fees and charges;undertakings and loan programs to be self-sustaining.  The governing bodyissuing revenue bonds pursuant to this chapter shall impose, prescribe andcollect, or authorize and require the imposition, prescription and collectionof, rates, rentals, fees or charges for the use and services of, and thefacilities and commodities furnished by, the undertaking or for the use andservices and benefits of the loan program for which the revenue bonds areissued, and shall revise, or require revision of, the rates, rentals, fees orcharges from time to time whenever necessary, so that, together with theproceeds of the user taxes derived with respect to the undertaking pledged tothe payment of the revenue bonds, the undertaking or loan program shall be andalways remain self-sustaining.  The rates, rentals, fees or charges imposed andprescribed shall produce revenue which, together with the proceeds of such usertaxes, will be at least sufficient:

(1)  To make the required payments of the principal ofand interest on all revenue bonds issued for the undertaking or loan program,including the payment of all revenue bonds and interest thereon for the paymentof which the revenue, or user taxes, or combination of both, are or shall havebeen pledged, charged or otherwise encumbered, or which are otherwise payablefrom the revenue, or user taxes, or combination of both, or are payable from aspecial fund maintained, or to be maintained, from the revenue, or user taxes,or combination of both, including reserves therefor, and to maintain thespecial fund in an amount at least sufficient to pay when due all revenue bondsand interest thereon which are payable from the special fund, includingreserves therefor;

(2)  To pay the cost of operation, maintenance, andrepair of the undertaking, or to pay the cost of the administration, operation,and maintenance of the loan program, including reserves therefor; and

(3)  To carry out the covenants of the resolution orresolutions authorizing the issuance of the revenue bonds, including anycovenant as to the minimum amounts of revenue to be produced by the undertakingor loan program for which the revenue bonds are issued. [L 1989, c 80, pt of§3]