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| 2.__Limitation on securities issued.__The authority may not issue |
| securities in excess of $60,000,000 outstanding at any one time, of |
| which no less than $30,000,000 must be specifically allocated to |
| projects relating to the Judicial Branch, except for the issuance |
| of revenue refunding securities authorized by section 1610 and |
| securities issued under section 1610-A.__The amount of securities |
| that may be outstanding in the name of the authority may be |
| increased by the Legislature upon a showing by the authority that |
| its available revenues are sufficient to support additional |
| issuance of securities and that the issuance of securities will not |
| materially impair the credit standing of the authority, the |
| investment status of securities issued by the authority or the |
| ability of the authority to fulfill its commitments to__holders of |
| securities.__Nothing in this chapter may be construed to authorize |
| the authority to issue securities to fund the construction, |
| reconstruction, purchase or acquisition of facilities without a 2/3 |
| vote of approval in each House of the Legislature. |
