[§356D-22]  Bonds; interest rate, price, andsale.  (a)  The bonds shall bear interest at rates payable at times thatthe authority, with the approval of the governor, may determine except fordeeply discounted bonds that are subject to redemption or retirement at theiraccreted value; provided that the discounted value of the bonds shall notexceed ten per cent of any issue; and provided further that no bonds may beissued without the approval of the director of finance and the governor. Notwithstanding any other law to the contrary, the authority may, subject tothe approval of the director of finance and the governor, issue bonds pursuantto section 356D-21, in which the discounted value of the bonds exceeds tenper cent of the issue.

(b)  The authority may include the costs ofundertaking and maintaining any public housing project or projects for whichthe bonds are issued in determining the principal amount of bonds to beissued.  In determining the cost of undertaking and maintaining the public housingproject, the authority may include the cost of studies and surveys; insurancepremiums; underwriting fees; financial consultant, legal, accounting, and otherservices incurred; reserve account, trustee, custodian, and rating agency fees;and interest on the bonds for a period determined by the authority. [L 2006, c180, pt of §2]