[§342D-88]  Revenue bonds; authorization. (a)  The director of health, with the approval of the governor and the[director of finance], may issue revenue bonds at such times and in such amountor amounts, not to exceed $250,000,000 in aggregate principal, as may benecessary to carry out the purposes of this part.

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

(c)  The resolution or certificate providingfor the issuance of the bonds may provide that all or part of the proceeds ofthe bonds shall be deposited in the revolving fund, where the proceeds shall beheld and invested in a separate account or accounts until used in accordancewith section 342D-84. [L 1997, c 221, pt of §1]