WILLIAM DONALD SCHAEFER, Governor                    Ch. 311

(g) The revenue bonds shall be sold by the Authority, at
public or private sale, in such manner and for such price as it
may determine to be for its best interests. None of the
provisions of §§ 8-206 and 8-208 of the State Finance and
Procurement Article have any application to the bonds hereby
authorized and such bonds are explicitly exempted therefrom.

(h) If the proceeds of the revenue bonds, by error of
calculation or otherwise, are less than the amount required for
the purpose for which bonds are authorized, additional bonds may
be issued to provide the amount of the deficit, and unless
otherwise provided by the authorizing resolution or in the trust
indenture hereinafter mentioned, the additional bonds shall be
deemed to be of the same issue and shall be entitled to payment
from the same funds without preference or priority of the bonds
first issued for such purposes. If the proceeds of the bonds
shall exceed the amount required, the surplus shall be paid into
the sinking fund hereinafter provided for the payment of the
principal of and interest on the bonds.

(i) Prior to the preparation of definitive revenue bonds,
the Authority, under the restrictions, may issue temporary
revenue bonds with or without coupons, exchangeable for
definitive bonds upon the issuance of the latter. The Authority
also may provide for the replacement of any bonds which become
mutilated or are destroyed or lost. The bonds may be issued
without an election or any other proceedings or the happening of
any conditions or things other than those proceedings,
conditions, and things specified and required by this subtitle.

(j) A resolution providing for the issuance of revenue
bonds also may provide for the issuance of additional bonds and
may limit the amount by the resolution or trust indenture, for
the purpose of paying the cost of any extensions, additions, and
improvements which thereafter become necessary; the additional
bonds may be sold from time to time in the manner hereinabove
provided and shall be deemed a part of the original issue
authorized by the resolution, and shall be issued under such
restrictions and limitations as prescribed by the resolution or
trust indenture; but the additional bonds shall rank equally and
on a parity with the other bonds authorized thereby.

(k) The Authority may provide by resolution for the
issuance of its revenue refunding bonds for the purpose of
refunding any bonds then outstanding and issued under the
provisions of this section. The issuance of such refunding bonds,
the details thereof, the rights of the holders thereof, and the
duties of the Authority in respect to them shall be governed by
the provisions of this section insofar as applicable. The
refunding bonds shall mature at such time or times not exceeding
40 years from the date or dates of their respective issues as
determined by the Authority.

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