The board may provide in a resolution authorizing the issuance of department bonds that part of the proceeds from the sale of the bonds may be used to:
(1) pay the costs and expenses of issuing the bonds;
(2) pay interest on the bonds during a period required by the board;
(3) pay or repay the department's operation and maintenance expenses to the extent and for the period specified in the resolution; and
(4) fund, increase, or restore any depletions of the reserve fund or of other reserves or funds for any purpose.