§20-5-11. Authority of director to pledge revenue from recreational facilities as security.
The director, with the approval of the governor, shall have
authority to pledge all revenue derived from any project as
security for any bonds issued to defray the cost of the project.
In any case in which the director may deem it advisable, he or she
shall also have the authority to pledge the revenue derived from
any existing recreational facilities under his or her control, or
any state park or forest, as additional security for the payment of
any bonds issued under the provisions of this article to pay the
cost of any park development project.