(a) Notwithstanding any other provision of law, a Resilience Authority may issue and sell bonds periodically:
(1) for resilience infrastructure projects;
(2) to refund outstanding bonds;
(3) to pay the costs of preparing, printing, selling, and issuing the bonds;
(4) to fund reserves; and
(5) to pay the interest on the bonds in the amount and for the period the Resilience Authority considers reasonable.
(b) Bonds issued by a Resilience Authority are limited obligations and are not a pledge of the faith and credit or taxing power of an incorporating local government.