§206M-42  Powers.  In addition to anyother powers granted to the development corporation by law, the developmentcorporation may:

(1)  Without compliance with chapter 103D, but withthe approval of the governor, enter into a special facility lease or an amendmentor supplement thereto whereby the development corporation agrees to acquire,construct, improve, install, equip, and develop a special facility solely forthe use by another party to a special facility lease;

(2)  With the approval of the governor, issue specialfacility revenue bonds in principal amounts that may be necessary to yield theamount of the cost of any acquisition, construction, improvement, installation,equipping, and development of any special facility, including, subject to paragraph(6), the costs of acquisition of the site thereof; provided that the totalprincipal amount of the special facility revenue bonds which may be issuedpursuant to the authorization of this section shall not exceed $100,000,000;

(3)  With the approval of the governor, issuerefunding special facility revenue bonds with which to provide for the paymentof outstanding special facility revenue bonds (including any special facilityrevenue bonds theretofore issued for this refunding purpose) or any part thereof;provided any issuance of refunding special facility revenue bonds shall notreduce the principal amount of the bonds that may be issued as provided inparagraph (2);

(4)  Perform and carry out the terms and provisions ofany special facility lease;

(5)  Notwithstanding section 103-7 or any other law tothe contrary, acquire, construct, improve, install, equip, or develop anyspecial facility, or accept the assignment of any contract therefor enteredinto by the other party to the special facility lease;

(6)  Construct any special facility on land owned bythe State; provided that no funds derived herein shall be expended for landacquisition; and

(7)  Agree with the other party to the specialfacility lease whereby any acquisition, construction, improvement,installation, equipping, or development of the special facility and theexpenditure of moneys therefor shall be undertaken or supervised by anotherperson. [L 2000, c 72, pt of §1; am L 2004, c 216, §28; am L 2006, c 292, §10]