§201G-43 Rentals. [Section effective until June 30, 2006. For section effective July 1, 2006, see below.] (a) Notwithstanding any provision of law to the contrary, the corporation shall fix the rates of the rentals for dwelling accommodations and other facilities in the public housing project or complex provided for by this subpart, at rates that will produce revenues that will be sufficient to pay all expenses of management, operation, and maintenance, including the cost of insurance, a proportionate share of the administrative expenses of the corporation to be fixed by it, and the costs of repairs, equipment, and improvements, to the end that the public housing project or complex shall be and always remain self-supporting. The corporation, in its discretion, may fix the rates in such amounts as will produce additional revenues (in addition to the foregoing) sufficient to amortize the cost of the public housing project or complex, including equipment, over a period or periods of time that the corporation may deem advisable.

(b) Notwithstanding any provision of law to the contrary, if any such public housing project or complex has been specified in any resolution of issuance adopted pursuant to part III, or if the income or revenues from any such public housing project or complex have been pledged by the corporation to the payment of any bonds issued under part III, or if any of the property of any such public housing project or complex is security for any such bonds, the corporation shall fix the rates of the rentals for dwelling accommodations and other facilities in the public housing project or complex so specified or encumbered at increased rates that will produce the revenues required by subsection (a) and, in addition, those amounts that may be required by part III, by any resolution of issuance adopted under part III and by any bonds or mortgage or other security issued or given under part III. [L 1998, c 212, pt of §4; am L 2005, c 120, §9]

§201G-43 Rentals. [Section effective July 1, 2006. For section effective until June 30, 2006, see above.] (a) Notwithstanding any provision of law to the contrary, the administration shall fix the rates of the rentals for dwelling accommodations and other facilities in the public housing project or complex provided for by this subpart, at rates that will produce revenues that will be sufficient to pay all expenses of management, operation, and maintenance, including the cost of insurance, a proportionate share of the administrative expenses of the administration to be fixed by it, and the costs of repairs, equipment, and improvements, to the end that the public housing project or complex shall be and always remain self-supporting. The administration, in its discretion, may fix the rates in such amounts as will produce additional revenues (in addition to the foregoing) sufficient to amortize the cost of the public housing project or complex, including equipment, over a period or periods of time that the administration may deem advisable.

(b) Notwithstanding any provision of law to the contrary, if any such public housing project or complex has been specified in any resolution of issuance adopted pursuant to part III, or if the income or revenues from any such public housing project or complex have been pledged by the administration to the payment of any bonds issued under part III, or if any of the property of any such public housing project or complex is security for any such bonds, the administration shall fix the rates of the rentals for dwelling accommodations and other facilities in the public housing project or complex so specified or encumbered at increased rates that will produce the revenues required by subsection (a) and, in addition, those amounts that may be required by part III, by any resolution of issuance adopted under part III and by any bonds or mortgage or other security issued or given under part III. [L 1998, c 212, pt of §4; am L 2005, c 120, §9 and c 196, §26(a)]