[§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 county
of the powers granted in this part, each redevelopment project of the county,
two or more redevelopment projects of the county if administered as a single
project, or all of the redevelopment projects of the county if administered as
an entity, shall constitute an undertaking of the county.  For all purposes of
this part and of chapters 47 and 47C, the term "revenues" shall mean
the moneys derived from the rates and charges imposed for the use and services
of the undertaking or otherwise derived by the county from its ownership or
operation of the undertaking, exclusive of taxes and payments made to the
county for services separate and apart from this chapter but inclusive of
amounts paid by the federal government for payment, or reimbursement of payment
by the county, of costs of operation, maintenance and repair of an undertaking,
for payment, or reimbursement of payment by the county, of principal of or
interest on bonds issued for an undertaking, or for any other purpose connected
with an undertaking.



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