HARRY HUGHES, Governor                                  2133

RELATION TO THE CONSTRUCTION, ACQUISITION, IMPROVEMENT,
INSTALLATION, MAINTENANCE, OPERATION, REPAIRS, AND INSURANCE
OF THE FACILITIES OF THE COMMISSION AND THE CUSTODY,
SAFEGUARDING, AND APPLICATION OF ALL MONEYS; AND MAY PROVIDE
THAT THE CAPITAL FACILITIES ARE CONSTRUCTED AND PAID FOR
UNDER THE SUPERVISION AND APPROVAL OF CONSULTING ENGINEERS
EMPLOYED OR DESIGNATED BY THE COMMISSION AND SATISFACTORY TO
THE ORIGINAL PURCHASERS OF THE BONDS ISSUED HEREUNDER; AND
MAY FURTHER PROVIDE THAT THE SECURITY GIVEN BY CONTRACTORS
AND BY ANY DEPOSITARY OF THE PROCEEDS OF THE BONDS OR
REVENUES OF THE FACILITIES OF THE COMMISSION OR OTHER HONEYS
PERTAINING THERETO BE SATISFACTORY TO THE PURCHASERS. IT
SHALL BE LAWFUL FOR ANY BANK OR TRUST COMPANY INCORPORATED
UNDER THE LAWS OF THIS STATE TO ACT AS DEPOSITARY OF THE
PROCEEDS OF THE BONDS OR REVENUES AND TO FURNISH SUCH
INDEMNITY BONDS OR TO PLEDGE SUCH SECURITIES AS MAY BE
REQUIRED BY THE COMMISSION.

THE RESOLUTION OR TRUST INDENTURE MAY SET FORTH THE
RIGHTS AND REMEDIES OF THE BONDHOLDERS AND OF THE TRUSTEE,
AND MAY RESTRICT THE INDIVIDUAL RIGHT OF ACTION OF
BONDHOLDERS AS IS CUSTOMARY IN TRUST INDENTURES SECURING
BONDS AND DEBENTURES OF CORPORATIONS. EXCEPT AS OTHERWISE
PROVIDED IN THIS SUBTITLE, THE COMMISSION MAY PROVIDE BY
RESOLUTION OR BY THE TRUST INDENTURE FOR THE PAYMENT OF THE
PROCEEDS OF THE SALE OF THE BONDS AND ANY REVENUE GENERATED
TO AN OFFICER, BOARD, OR DEPOSITARY AS IT DETERMINES FOR THE
CUSTODY THEREOF, AND FOR THE METHOD OF DISBURSEMENT THEREOF,
WITH SUCH SAFEGUARDS AND RESTRICTIONS AS IT DETERMINES. ALL
EXPENSES INCURRED IN CARRYING OUT A TRUST INDENTURE MAY BE
TREATED AS A PART OF THE COST OF MAINTENANCE, OPERATION, AND
REPAIR OF THE FACILITIES OF THE COMMISSION.

496.

(A)    THE COMMISSION MAY FIX AND REVISE FROM TIME TO
TIME, PATES OR CHARGES FOR THE USE OF THE FACILITIES OF THE
COMMISSION, INCLUDING PARKING AND OTHER ANCILLARY
FACILITIES, AND CHARGE AND COLLECT THE SAME, AND CONTRACT
WITH ANY PERSON, PARTNERSHIP, ASSOCIATION, OR CORPORATION
DESIRING THE USE OF ANY OF THE FACILITIES OF THE COMMISSION,
OR ANY PART OR PARTS THEREOF, AND FIX THE TERMS, CONDITIONS,
AND RATES OF CHARGES FOR THAT USE.

(B)    THE RATES AND CHARGES SHALL BE FIXED AND ADJUSTED
TO PROVIDE MAXIMUM REVENUES FROM THE FACILITIES AS
DETERMINED BY THE COMMISSION, AND THE RATES OR CHARGES SHALL
NOT BE SUBJECT TO SUPERVISION OR REGULATION BY ANY OTHER
COMMISSION, BOARD, BUREAU, OR AGENCY OF THE STATE OR ANY
POLITICAL SUBDIVISION THEREOF, SO LONG AS THE COMMISSION IS
IN EXISTENCE. THE RATES, CHARGES, AND ALL OTHER REVENUES
DERIVED FROM THE FACILITIES, EXCEPT THE PART OR PARTS
THEREOF REQUIRED TO PAY THE CURRENT EXPENSES OF THE
COMMISSION AND TO PROVIDE RESERVES AS PROVIDED FOR IN THE
RESOLUTION AUTHORIZING THE ISSUANCE OF THE BONDS OR IN THE
TRUST INDENTURE, SHALL BE SET ASIDE AT REGULAR INTERVALS AS
PROVIDED IN THE RESOLUTION OR TRUST INDENTURE, IN A SINKING