§ 41-7-909 — Allocation of designated revenue; for bonds payable from revenue or assessments

(a) The allocation may be for either or both:
(i) Payment of the whole or any part of the principal
or interest or both of any bonds payable solely from revenue;
(ii) As additional security for the payment of the
whole or any part of the principal or interest or both of any
bonds payable from assessments.