[§356D-72] Housing for elders revolving fund.
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/hi/356d-72A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[§356D-72] Housing for elders revolving fund. There is created a housing for elders revolving fund to be administered by the authority. Notwithstanding any law to the contrary, moneys received or collected by the authority pursuant to this subpart shall be deposited into the revolving fund. Revenues from the fund may be used to pay the expenses of management, operation, and maintenance of housing projects for elders, including but not limited to the cost of insurance, a proportionate share of the administrative expenses of the authority, and the costs of repairs, equipment, and improvements. [L 2006, c 180, pt of §2]