[§201G-153] Housing for elders revolving fund. [Section effective until June 30, 2006. For section effective July 1, 2006, see below.] There is created a housing for elders revolving fund to be administered by the corporation. Notwithstanding any law to the contrary, moneys received or collected by the corporation 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, including but not limited to the cost of insurance, a proportionate share of the administrative expenses of the corporation, and the costs of repairs, equipment, and improvements. [L 1997, c 350, pt of §2]

§201G-153 Housing for elders revolving fund. [Section effective July 1, 2006. For section effective until June 30, 2006, see above.] There is created a housing for elders revolving fund to be administered by the administration. Notwithstanding any law to the contrary, moneys received or collected by the administration 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, including but not limited to the cost of insurance, a proportionate share of the administrative expenses of the administration, and the costs of repairs, equipment, and improvements. [L 1997, c 350, pt of §2; am L 2005, c 196, §26(a)]

Contingent transfer to department of budget and finance (repealed July 1, 2007). L 2005, c 196, §36.