| 7. Borrow money. To borrow money pursuant to this chapter |
| and issue evidences of indebtedness to finance the acquisition, |
| construction, reconstruction, improvement or equipping of any one |
| project, or more than one, or any combination of projects, or to |
| refund evidences of indebtedness hereafter issued or to refund |
| general obligation debt of the State, or to refund any such |
| refunding evidences of indebtedness or for any one, or more than |
| one, or all of those purposes, or any combination of those |
| purposes, and to provide for the security and payment of those |
| evidences of indebtedness and for the rights of the holders of |
| them, except that any borrowing pursuant to this chapter, |
| exclusive of borrowing to refund evidences of indebtedness, to |
| refund general obligation debt of the State, or to fund issuance |
| costs or necessary reserves, may not exceed in the aggregate |
principal amount outstanding at any time $100,000,000 |
| $150,000,000, and except that no borrowing may be effected |
| pursuant to this chapter unless the amount of the borrowing and |
| the project or projects are submitted to the legislative Office |
| of Fiscal and Program Review for review by the joint standing |
| committee of the Legislature having jurisdiction over |
| appropriations and financial affairs at least 60 days before |
| closing on such borrowing for the project or projects is to be |
| initiated; |
