MARVIN MANDEL, Governor

2313

with respect to any facility leased by the commission to
a private person or to another public agency. [Said] THE
words [shall] DO not include any funds of the commission
derived by it from a source other than a facility, which
the commission may allocate or agree to allocate to any
such facility, as a supplement to [the] ITS revenues.
[thereof, but nothing herein contained shall] THESE
PROVISIONS ARE NOT be construed to preclude the
commission from pledging [such] THE other funds to the
operation and maintenance of any facility.

(3)    [Authority is hereby conferred on the]
THE commission [to] MAY fix and, from time to time, alter
or amend fees and charges for the use of any such
facility, or to contract for the rental thereof on [such]
A basis [as shall provide] WHICH PROVIDES revenues
sufficient to meet debt service on revenue bonds issued
to finance any such facility leased.

(4)    Authority is further conferred to secure
payment of the principal of and interest on an issue of
revenue bonds by a pledge to such payment of the gross or
net revenues from any such facility[,] financed thereby
and to enter into such covenants with respect to the
fixing of rents, fees or charges and the collection and
application thereof as may be requisite to the security
and marketing of any such revenue bonds.

(5)    Before issuing any revenue bonds
hereunder, the commission shall make a determination
whether debt service on any [such] OF THESE bonds [shall
be] IS payable from the gross or net revenues of the
facility[,] to be financed and, if from gross revenues,
the commission shall further determine the source and
availability of funds needed for the operation and
maintenance of any such facility, which funds the
commission may pledge to [said] THIS purpose. If the
commission [shall determine] DETERMINES to pay [said] THE
debt service from the net revenues of any facility, it
shall make a determination before issuing any such
revenue bonds[,] that the anticipated gross revenues will
be sufficient to pay costs of operation and maintenance
of any such facility[,] and the required debt service on
[said] THE revenue bonds, including necessary reserves
therefor.

(6)    Any revenue bonds issued by the
commission hereunder may be in registered or coupon form
and in such denomination or denominations as the
commission may determine, and such registered or coupon
bonds may be made interchangeable after the initial
issuance thereof under [such] WHATEVER rules and
regulations as the commission may prescribe. [Said] THE
bonds shall bear such rate or rates of interest as the
commission may determine, from time to time, and [said]
THE bonds may be sold for prices at, above, or below
[the] THEIR par value, [thereof, provided no such]
HOWEVER, A sale [shall] MAY NOT be made at a price which