<?xml version='1.0' encoding='utf-8'?>
<section article="glg" article_name="Local Government" number="22-106" title_number="22" title_name="Resilience Infrastructure" subtitle_number="1">
  <level label="a">
    <text>Notwithstanding any other provision of law, a Resilience Authority may issue and sell bonds periodically:</text>
    <level label="1">
      <text>for resilience infrastructure projects;</text>
    </level>
    <level label="2">
      <text>to refund outstanding bonds;</text>
    </level>
    <level label="3">
      <text>to pay the costs of preparing, printing, selling, and issuing the bonds;</text>
    </level>
    <level label="4">
      <text>to fund reserves; and</text>
    </level>
    <level label="5">
      <text>to pay the interest on the bonds in the amount and for the period the Resilience Authority considers reasonable.</text>
    </level>
  </level>
  <level label="b">
    <text>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.</text>
  </level>
</section>
