(a)
(1) The Department may issue and sell bonds or notes of the Department for the purpose of providing funds to carry out the provisions of this title/chapter/article] with respect to the development, financing, or operation of a transportation facility or the refunding of any bonds or notes, together with any costs associated with the transaction.
(2) Any bond or note issued under this section:
(A) constitutes the corporate obligation of the Department;
(B) does not constitute the indebtedness of the State within the meaning or application of any constitutional provision or limitation; and
(C) is payable solely as to both principal and interest from:
(i) the revenues from a lease to the Department, if any;
(ii) proceeds of bonds or notes, if any;
(iii) investment earnings on proceeds of bonds or notes; or
(iv) other funds available to the Department for such purpose.
(b)
(1) For the purpose of financing a transportation facility, the Department and operator may apply for, obtain, issue, and use private activity bonds available under any Federal law or program.
(2) Any bonds debt, other securities, or other financing issued for the purpose of this [title/chapter/article] shall not be considered to be a debt of the State or any political subdivision of the State or a pledge of the faith and credit of the State or any political subdivision of the State.
(c) Nothing in this section shall limit a local government or any authority of the State to issue bonds for transportation projects.