[§356D-43]  Rentals.  (a) Notwithstanding any other law to the contrary, the authority shall fix therates of the rentals for dwelling units and other facilities in statelow-income housing projects provided for by this subpart, at rates that willproduce revenues that will be sufficient to pay all expenses of management,operation, and maintenance, including the cost of insurance, a proportionateshare of the administrative expenses of the authority to be fixed by it, andthe costs of repairs, equipment, and improvements, to the end that the statelow-income housing projects shall be and always remain self-supporting.  Theauthority, in its discretion, may fix the rates in amounts as will produceadditional revenues (in addition to the foregoing) sufficient to amortize thecost of the state low-income housing project or projects, including equipment,over a period or periods of time that the authority may deem advisable.

(b)  Notwithstanding any other law to thecontrary, if:

(1)  Any state low-income housing project or projectshave been specified in any resolution of issuance adopted pursuant topart I;

(2)  The income or revenues from any project orprojects have been pledged by the authority to the payment of any bonds issuedunder part I; or

(3)  Any of the property of any state low-incomehousing project or projects is security for the bonds,

the authority shall fix the rates of the rentals fordwelling units and other facilities in the state low-income housing project orprojects so specified or encumbered at increased rates that will produce therevenues required by subsection (a) and, in addition, those amounts that may berequired by part I, by any resolution of issuance adopted under part I, and byany bonds or mortgage or other security issued or given under part I. [L 2006,c 180, pt of §2]