1013 - Repayment of state appropriations.

§  1013. 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 securities, or other obligations issued by the authority  for the construction of any project pursuant to the provisions  of  this  title,  or  by  the  delivery of non-interest bearing obligations of the  authority to the state for all or any part of such advances, or  out  of  excess revenues from such project subject however to any pledges of such  revenues made pursuant to any resolution or resolutions of the authority  authorizing the issuance of obligations of the authority issued prior to  nineteen hundred and sixty.