Title 20, Chapter 3, Section 208
( 20-3-208)
The revenues, rents, purchase payments, financing charges, or other
earnings derived from any particular project may be pledged and
allocated by the authority pursuant to appropriate resolution as
security for any issue of revenue bonds; and such resolution may
fully provide for such remedies of bondholders as may be deemed
necessary or appropriate by the authority in connection with the
issuance of the revenue bonds. A statutory lien on revenues received
by the authority in connection with the financing of any project is
created for the benefit of the holders of the revenue bonds of the
authority issued for such project. |