Amount of Bonds Sold

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Sec. 23. In determining the amount of bonds to be issued and sold, the board may include the costs of the following:

(1) Acquisition and construction of infrastructure.

(2) Financing charges, bond sale discount, reasonable issuance costs, and interest accruing on the bonds before and during the construction period and for a reasonable period of time after construction.

(3) Expenses such as legal fees and engineering fees.

(4) All other expenses necessary or incidental to accomplishing the purposes of the authority.

As added by P.L.346-1989(ss), SEC.7.


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