Authorizing and providing for the state agricultural society to issue+ revenue bonds enhanced by the credit of the state for activities funding +purposes, limit, authorizing issuance to refund outstanding bonds; requiring +bonds issued to be negotiable investment securities; requiring authorization by +resolution adopted by the society and prescribing the terms of sale; exempting +the bonds from certain state agency contract management requirements; providing+ a tender option; authorizing the society to establish debt service reserve +funds for security purposes, specifying authorized uses, authorizing +investment, requiring a minimum amount of reserve at issuance and authorizing the+ transfer of excesses at the close of the fiscal year; granting the society +certain contracting authority; providing for the nonliability of members of +the society and the state for issuance and for purchase and cancellation by the +society; providing a state pledge against contract impairment; providing for +credit enhancement before issuance, specifying certain covenant +requirements, providing for payment of principal and interest on outstanding debt +obligations subject to covenants and for repayment, specifying certain mandatory +plan requirements for state payments and providing for certain continuing +disclosure agreements (ra)