* § 1020-h. Bonds and notes of the authority. 1. The authority shall\nhave the power and is hereby authorized from time to time to issue bonds\nin conformity with applicable provisions of the uniform commercial code\nfor any of its corporate purposes, including incidental expenses in\nconnection therewith, and to secure the payment of the same by the\npledge of the revenues of the authority or by lien on the property of\nthe authority. The authority shall have power from time to time whenever\nit deems refunding expedient, to refund any bonds by the issuance of new\nbonds, whether the bonds to be refunded have or have not matured, and\nmay issue bonds partly to refund bonds then outstanding and partly for\nany of its corporate purposes. Bonds issued by the authority may be\ngeneral obligations secured by the faith and credit of the authority or\nmay be special obligations payable out of particular revenues or other\nmoneys of the authority as may be designated in the proceedings of the\nauthority under which the bonds shall be authorized to be issued,\nsubject only to any agreements with the holders of outstanding bonds\npledging any particular moneys, earnings or revenues.\n 2. The authority is authorized to obtain from any department or agency\nof the United States of America or the state or any nongovernmental\ninsurer or financial institution any insurance, guaranty or other credit\nsupport device, to the extent now or hereafter available, as to, or for\nthe payment or repayment of interest or principal, or both, or any part\nthereof, on any bonds issued by the authority and to enter into any\nagreement or contract with respect to any such insurance or guaranty,\nexcept to the extent that the same would in any way impair or interfere\nwith the ability of the authority to perform and fulfill the terms of\nany agreement made with the holders of outstanding bonds of the\nauthority.\n 3. The bonds shall be authorized by resolution of the authority and\nshall bear such date or dates, mature at such time or times, except that\nbonds and any renewal thereof shall mature within forty years of the\ndate of their original issuance and notes and any renewal thereof shall\nmature within five years of the date of their original issuance, bear\ninterest at such rate or rates per annum payable at such times, be in\nsuch denominations, be in such form, carry such registration privileges,\nbe executed in such manner, be payable in such medium of payment at such\nplace or places and be subject to such terms and conditions, as such\nresolution or resolutions may provide. Such bonds of the authority may\nbe sold at public or private sale for such price or prices as the\nauthority shall determine, provided that no issue of bonds may be sold\nat private sale unless the terms of such sale shall have been approved\nin writing by (i) the comptroller, where such sale is not to such\ncomptroller, or (ii) the director of the budget, where such sale is to\nsuch comptroller. The foregoing provisions shall be applicable to bonds\nissued by the authority notwithstanding the provisions of any other\ngeneral, special or local law to the contrary.\n 4. Any resolution or resolutions of the authority authorizing any\nbonds or any issue of bonds may contain provisions, which may be a part\nof the contract with the holders of the bonds thereby authorized, as to:\n (a) pledging all or any part of the revenues of the authority,\ntogether with any other moneys, securities, contracts or property of the\nauthority to secure the payment of the bonds or of any issue of the\nbonds, subject to such agreements with bondholders as may then exist;\n (b) the rates, rentals, fees and other charges to be fixed and\ncollected and the amounts to be raised in each year thereby, and the use\nand disposition of the earnings and other revenues;\n (c) the setting aside of reserves and the creation of sinking funds\nand the regulation and disposition thereof;\n (d) limitations
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