Title 31, Chapter 7, Section 77
( 31-7-77)
No authority shall operate or construct any project for profit. It
shall fix rates and charges consistent with this declaration of
policy and such as will produce revenues only in amounts sufficient,
together with all other funds of the authority, to pay principal and
interest on certificates and obligations of the authority, to
provide for maintenance and operation of the project, and to create
and maintain a reserve sufficient to meet principal and interest
payments due on any certificates in any one year after the issuance
thereof. The authority may provide reasonable reserves for the
improvement, replacement, or expansion of its facilities or
services. | 
