The Board is authorized to issue revenue bonds from time to time and to use proceeds, either alone or together with other available funding and revenues, to provide for the financing for educational facilities projects. The revenue bonds shall be obligations of the Board and shall not constitute an indebtedness for which the faith and credit of the county or any of its revenues are pledged, and the principal of and interest on the bonds shall be payable from and secured by a pledge of revenues derived from eligible facilities financed, in whole or in part, froze bond proceeds and as authorized by, and in accordance with the provisions of the Act, together with other collateral as may be pledged under the Act and as the Board in its discretion may determine.
(Ord. 2001-18, passed 7-24-01)