Payment of bonds

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    (a)    The Authority shall pay the bonds issued in accordance with this part only from the property or receipts of the Authority.

    (b)    Property and receipts of the Authority include:

        (1)    taxes, fees, charges, or other revenues payable to the Authority;

        (2)    payments in accordance with letters of credit, lines of credit, insurance policies, or purchase agreements;

        (3)    investment earnings from funds or accounts maintained in accordance with a bond resolution or trust agreement;

        (4)    the proceeds of refunding bonds; and

        (5)    any other source authorized by law.


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