(a) Liberal construction.--The provisions of this act providing for security for and rights and remedies of obligees of each authority shall be liberally construed to achieve the purposes stated and provided by this act.

(b) Severability.--If any provision of the title or any chapter, section or clause of this act or the application thereof to any person, party or corporation, public or private, shall be judged invalid by a court of competent jurisdiction, the order or judgment shall be confined in its operation to the controversy in which it was rendered and shall not affect or invalidate the remainder of any provision of the title or any chapter or any section or clause of this act or the application of any part thereof to any other person, party or corporation, public or private, or circumstance, and to this end the provisions of the title or any chapter, section or clause of this act hereby are declared to be severable. It is hereby declared as the legislative intent that this act would have been adopted had any provision declared unconstitutional not been included in this act.