1-16A-46 Pooling of leases for pledge of revenues.
Pooling of leases for pledge of revenues.
In addition to the foregoing, bonds of
the authority may be secured by a pooling of leases whereby the authority may assign its rights, as
lessor, and pledge rents under two or more leases of the facilities with two or more participating
health institutions or participating educational institutions, as lessees respectively, upon such terms
as may be provided for in the resolutions of the authority or as may be provided for in a trust
indenture authorized by the authority.
Source: SL 1972, ch 10, § 12.