Section 22-106 - Issuance and Sale of Bonds by Resilience Authority

(a) Notwithstanding any other provision of law, a Resilience Authority may issue and sell bonds periodically: (1) for resilience infrastructure projects; (2) to refund outstanding bonds; (3) to pay the costs of preparing, printing, selling, and issuing the bonds; (4) to fund reserves; and (5) to pay the interest on the bonds in the amount and for the period the Resilience Authority considers reasonable. (b) Bonds issued by a Resilience Authority are limited obligations and are not a pledge of the faith and credit or taxing power of an incorporating local government.