§ 21-17-424 — Creation of special funds and accounts

The board in any resolution authorizing the issuance of bonds or
other securities under this act or in any instrument or other
proceedings appertaining thereto may create special funds and
accounts for the payment of the cost of a project, of operation
and maintenance expenses, of the securities, including the
accumulation and maintenance of reserves therefor, of
improvements, including the accumulation and maintenance of
reserves therefor, and of other obligations appertaining to the
securities, any project or otherwise in connection with the
university.