Section 1680-O. Courthouse improvements and training facilities

1.
  Notwithstanding the provisions of any other law  to  the  contrary,  the
  authority and the urban development corporation are hereby authorized to
  issue  bonds  or  notes in one or more series for the purpose of funding
  project costs for eligible courthouse  improvements,  drug  courts,  and
  training  facilities. The aggregate principal amount of bonds authorized
  to be issued pursuant to  this  section  shall  not  exceed  eighty-five
  million  nine  hundred  thousand dollars, excluding bonds issued to fund
  one or more debt service reserve funds, to pay costs of issuance of such
  bonds, and bonds or notes issued to refund or otherwise repay such bonds
  or notes previously issued. Such bonds and notes of  the  authority  and
  the  urban development corporation shall not be a debt of the state, and
  the state shall not be liable thereon, nor shall they be payable out  of
  any  funds  other  than those appropriated by the state to the authority
  and the urban  development  corporation  for  principal,  interest,  and
  related expenses pursuant to a service contract and such bonds and notes
  shall contain on the face thereof a statement to such effect. Except for
  purposes  of  complying  with  the  internal  revenue code, any interest
  income earned on bond proceeds shall only be used to pay debt service on
  such bonds.
    2. Notwithstanding any other provision of  law  to  the  contrary,  in
  order  to  assist the authority and the urban development corporation in
  undertaking the financing  of  eligible  courthouse  improvements,  drug
  courts,  and  training  facilities, the director of the budget is hereby
  authorized to  enter  into  one  or  more  service  contracts  with  the
  authority  and  the  urban  development corporation, none of which shall
  exceed thirty years in duration, upon such terms and conditions  as  the
  director  of  the  budget  and  the  authority and the urban development
  corporation agree, so as to annually provide to the  authority  and  the
  urban development corporation, in the aggregate, a sum not to exceed the
  principal,  interest,  and  related expenses required for such bonds and
  notes. Any service contract entered into pursuant to this section  shall
  provide  that  the  obligation  of  the  state to pay the amount therein
  provided shall not constitute a debt of the state within the meaning  of
  any  constitutional or statutory provision and shall be deemed executory
  only to the extent of monies available and that no  liability  shall  be
  incurred  by  the  state  beyond  the monies available for such purpose,
  subject to annual appropriation by the legislature. Any such contract or
  any payments made or to be made thereunder may be assigned  and  pledged
  by  the  authority and the urban development corporation as security for
  its bonds and notes, as authorized by this section.