Sec. 41.41.320. - Limitations of issuance of bonds.
(a) The authority may not issue bonds in an amount that exceeds the amount of bonds authorized to be issued by the legislature.
(b) This section does not apply to the issuance by the authority of refunding bonds or to the issuance by the authority of bonds the proceeds of which are intended to be used to refinance the loans held by the authority.