920

Notwithstanding any provision of this chapter to the contrary, except for any indebtedness involving special obligations issued to finance a project for the benefit of a private party, and payable out of the revenues generated by the involved project and/or payable to the Authority by said private party, the Authority shall be authorized to finance, to make loans for or otherwise to apply its funds, including funds derived from dividend payments and interest earned from bond proceeds only to those projects specifically approved and authorized by the Legislature of the Virgin Islands or any agency, instrumentality, commission, authority or political subdivision of the Virgin Islands.