[§356D-28]  Public housing revolving fund;housing project bond special funds.  (a)  There is established the publichousing revolving fund to be administered by the authority. Notwithstandingsection 36-21, the proceeds in the fund shall be used for long-term and otherspecial financings of the authority and for necessary expenses in administeringthis chapter.

(b)  All moneys received and collected by theauthority, not otherwise pledged, obligated, or required by law to be placed inany other special fund, shall be deposited into the public housing revolvingfund.

(c)  A separate special fund shall beestablished for each public housing project or projects financed from theproceeds of bonds secured under the trust indenture.  Each fund shall be designated"housing project bond special fund" and shall bear any additionaldesignation as the authority deems appropriate to properly identify the fund.

(d)  Notwithstanding any other law to thecontrary, all revenues, income, and receipts derived from a public housingproject or projects financed from the proceeds of bonds or pledged to thepayment of principal of and interest and premium on bonds, shall be paid intothe housing project bond special fund established for the public housingproject or projects and applied as provided in the proceedings authorizing theissuance of bonds. [L 2006, c 180, pt of §2]