1020-R - Repayment of state appropriations.

* § 1020-r. Repayment of state appropriations. All appropriations made  by  the state to the authority shall be treated as advances by the state  to the authority, and shall be repaid to it without interest either  out  of  the  proceeds  of  bonds  issued  by  the  authority pursuant to the  provisions of this title, or by the  delivery  of  non-interest  bearing  bonds  of  the  authority  to  the  state  for  all  or any part of such  advances, or out of excess revenues of the authority, at such times  and  on  such  conditions  as  the state and the authority mutually may agree  upon.    * NB There are 2 § 1020-r's