§ 45-54-12. Revenues.
(a) The corporation is authorized and empowered to fix, revise, and collect from time
to time, subject to the provisions of this chapter, fees, rentals, and other charges
for the use of projects of, or the services rendered by the corporation to pay:
(1) The cost of maintaining, repairing, and operating the project or projects or portion
or portions of them; and
(2) The principal of, premium, if any, and interest on the bonds and notes as the bonds
and notes become due and payable, and to create reserves for these purposes.
(b) The fees, rentals, and other charges are not subject to supervision or regulation
by any commission, board, bureau, or agency of the state or of any municipality or
other political subdivision of the state.
(c) The revenues derived from the project or projects or portion or portions of them,
in connection with which the bonds or notes have been issued, may be pledged as provided
in the resolution or the trust agreement. The pledge is valid and binding from the
time when the pledge is made; the rentals, revenues, or other moneys so pledged and
thereafter received by the corporation are immediately subject to the lien of the
pledge without any physical delivery or further act, and the lien of any pledge is
valid and binding against all parties having claims of any kind in tort, contract,
or otherwise against the corporation, whether the parties have notice of claims. Neither
the resolution nor any trust agreement by which a pledge is created need be filed
or recorded except in the records of the corporation.
(d) The use and disposition of revenues is subject to the provisions of the resolution
authorizing the issuance of the bonds, or of the trust agreement.