The board may create funds and accounts necessary to implement this part. The funds and accounts may include:
(1) a fund into which bond proceeds are deposited;
(2) a common bond fund consisting of:
(a) a common debt service account;
(b) a capital reserve account as provided in 17-5-1515; and
(c) an operating account for defraying the operational costs of the board; and
(3) other funds or accounts.