§ 2045-h. Bonds of the agency. 1. The agency shall have the power and\nis hereby authorized from time to time to issue bonds, in conformity\nwith applicable provisions of the uniform commercial code, in such\nprincipal amounts as it may determine to be necessary to pay the cost of\nany project or for any other corporate purpose, including incidental\nexpenses in connection therewith. The agency shall have power and is\nhereby authorized to enter into such agreements and perform such acts as\nmay be required under any applicable federal legislation to secure a\nfederal guarantee of any bonds. The agency shall have power from time to\ntime to refund any bonds by the issuance of new bonds whether the bonds\nto be refunded have or have not matured, and may issue bonds partly to\nrefund bonds then outstanding and partly for any other corporate\npurpose. Bonds issued by the agency may be general obligations secured\nby the faith and credit of the agency or may be special obligations\npayable solely out of particular revenues or other moneys as may be\ndesignated in the proceedings of the agency under which the bonds shall\nbe authorized to be issued and subject to any agreements with the\nholders of outstanding bonds pledging any particular revenues or moneys.\n 2. Bonds shall be authorized by resolution of the agency, be in such\ndenominations and bear such date or dates, mature at such time or times,\nexcept that notes and any renewals thereof shall mature within five\nyears from the date of the original issuance and bonds and any renewals\nthereof shall mature within thirty years from the date of the original\nissuance. The bonds and notes shall be subject to such terms of\nredemption, bear interest at such rate or rates payable at such times,\nbe in such form, either coupon or registered, carry such registration\nprivileges, be executed in such manner, be payable in such medium of\npayment at such place or places, and be subject to such terms and\nconditions as such resolution may provide. Bonds may be sold at public\nor private sale for such price or prices as the agency shall determine.\nBonds of the agency shall not be sold by the agency at private sale\nunless such sale and the terms thereof have been approved in writing by\nthe comptroller, where such sale is not to the comptroller, or by the\ndirector of the budget, where such sale is to the comptroller.\n 3. Any resolution or resolutions authorizing bonds or any issue of\nbonds may contain provisions which may be a part of the contract with\nthe holders of the bonds thereby authorized as to:\n (a) pledging all or any part of the revenues, other moneys or property\nof the agency to secure the payment of the bonds, including but not\nlimited to any contracts, earnings or proceeds of any grant to the\nagency received from any private or public source;\n (b) the setting aside of reserves and the creation of sinking funds\nand the regulation and disposition thereof;\n (c) limitations on the purpose to which the proceeds from the sale of\nbonds may be applied;\n (d) the rates, rents, fees and other charges to be fixed and collected\nby the agency and the amount to be raised in each year thereby and the\nuse and disposition of revenues;\n (e) limitations on the right of the agency to restrict and regulate\nthe use of the project or part thereof in connection with which bonds\nare issued;\n (f) limitations on the issuance of additional bonds, the terms upon\nwhich additional bonds may be issued and secured and the refunding of\noutstanding or other bonds;\n (g) the procedure, if any, by which the terms of any contract with\nbondholders may be amended or abrogated, the amount of bonds, the\nholders of which must consent thereto and the manner in which such\nconsent may be given;\n (h) the creation of special funds into which any revenues or moneys\nmay be deposited;\n (i) the terms and provisions of any trust deed or indenture securing\nthe bonds under which the bonds m
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