[§53-85]  Projects to constitute"undertakings"; revenues to include certain federal moneys;imposition of rates and charges.  In the event of the exercise by a countyof the powers granted in this part, each redevelopment project of the county,two or more redevelopment projects of the county if administered as a singleproject, or all of the redevelopment projects of the county if administered asan entity, shall constitute an undertaking of the county.  For all purposes ofthis part and of chapters 47 and 47C, the term "revenues" shall meanthe moneys derived from the rates and charges imposed for the use and servicesof the undertaking or otherwise derived by the county from its ownership oroperation of the undertaking, exclusive of taxes and payments made to thecounty for services separate and apart from this chapter but inclusive ofamounts paid by the federal government for payment, or reimbursement of paymentby the county, of costs of operation, maintenance and repair of an undertaking,for payment, or reimbursement of payment by the county, of principal of orinterest on bonds issued for an undertaking, or for any other purpose connectedwith an undertaking.

Whenever and for so long as there shall beoutstanding bonds issued by the county under section 53-16 as incorporated inthis part or issued under said section by an agency of the county abolished asprovided in this part, the county shall impose rates and charges for the useand services of the undertaking, from the revenues derived from which suchbonds are payable or for which such bonds were issued, sufficient to pay thecosts of operation, maintenance and repair of the undertaking and to pay theprincipal of and interest on such bonds.  The county shall deposit suchrevenues in a special fund and apply the same to such payments in the amountnecessary therefor. [L 1974, c 123, pt of §2]