§163D-9  Bonds.  (a)  The corporation,with the approval of the governor, may issue, from time to time, revenue bondsin amounts not exceeding the total amount of bonds authorized to be issued bythe legislature for the purpose of constructing, acquiring, remodeling,furnishing, and equipping any project facility, including the acquisition ofthe site thereof; acquiring agricultural lands through purchase to sustain andpreserve viable agricultural enterprises within a contiguous geographic area;or acquiring agricultural lands for the protection of agricultural lands,public land banking, or the promotion of farm ownership and diversifiedagriculture.

(b)  All revenue bonds shall be issued pursuantto part III of chapter 39, except as provided in this chapter.

(c)  The revenue bonds shall be issued in thename of the corporation and not in the name of the State.  The final maturitydate of the revenue bonds may be any date not exceeding thirty years from thedate of issuance. [L 1994, c 264, pt of §1; am L 2008, c 234, §7]