35-751. Earnings of the corporation and
exemption from restrictions


A. The corporation shall be a nonprofit corporation, and no part of its net
earnings remaining after payment of its expenses shall inure to the benefit of any
individual, firm or corporation.


B. A project shall be exempt from any requirement of competitive bidding or other
restrictions imposed on the procedure for the financing of public improvements or the
award of contracts for the construction of public improvements and shall also be exempt
from any restrictions imposed on municipalities, counties or political subdivisions
relating to the leasing, sale or other disposition of property or funds.