§201G-45 [State low income housing revolving fund.] The director of finance shall establish a revolving fund to be known as "the state low income housing revolving fund". Notwithstanding any law to the contrary, moneys received by the corporation under or pursuant to this subpart, including refunds, reimbursements, rentals, fees, and charges received from tenants, shall be deposited in the state low income housing revolving fund. Except as otherwise provided in this chapter, the state low income housing revolving fund may be expended by the corporation for any and all of the purposes of this subpart, including, without prejudice to the generality of the foregoing, the expenses of management, operation, and maintenance of state low income housing, including but not limited to the cost of insurance, a proportionate share of the administrative expenses of the corporation, and the cost of repairs, equipment, and improvement; the acquisition, clearance, and improvement of property; the construction and reconstruction of building sites; the construction, reconstruction, repair, remodeling, extension, equipment, and furnishing of any housing project; the development and administration of any housing project; the payment of rentals; and administration and other expenses. [L 1998, c 212, pt of §4]