Legislation
SECTION 154
Control of rentals on authority projects
Public Housing (PBG) CHAPTER 44-A, ARTICLE 8
§ 154. Control of rentals on authority projects. Subject to the terms
of any loan or subsidy contract with a government, the power to fix
rents on a project shall rest exclusively with the authority. But
nothing in this chapter shall prevent an authority or municipality from
establishing, in addition to all other operation and depreciation
reserve funds, a reserve fund, or funds which may be applied in aid of
the construction, operation or maintenance of other projects of such
authority or municipality.
of any loan or subsidy contract with a government, the power to fix
rents on a project shall rest exclusively with the authority. But
nothing in this chapter shall prevent an authority or municipality from
establishing, in addition to all other operation and depreciation
reserve funds, a reserve fund, or funds which may be applied in aid of
the construction, operation or maintenance of other projects of such
authority or municipality.