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



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



(2)  With the approval of the governor, issue special
facility revenue bonds in principal amounts that may be necessary to yield the
amount 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 total
principal amount of the special facility revenue bonds which may be issued
pursuant to the authorization of this section shall not exceed $100,000,000;



(3)  With the approval of the governor, issue
refunding special facility revenue bonds with which to provide for the payment
of outstanding special facility revenue bonds (including any special facility
revenue bonds theretofore issued for this refunding purpose) or any part thereof;
provided any issuance of refunding special facility revenue bonds shall not
reduce the principal amount of the bonds that may be issued as provided in
paragraph (2);



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



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



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



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