[§356D-72]  Housing for elders revolving
fund.  There is created a housing for elders revolving fund to be
administered by the authority.  Notwithstanding any law to the contrary, moneys
received or collected by the authority pursuant to this subpart shall be
deposited into the revolving fund.  Revenues from the fund may be used to pay
the expenses of management, operation, and maintenance of housing projects for
elders, including but not limited to the cost of insurance, a proportionate
share of the administrative expenses of the authority, and the costs of
repairs, equipment, and improvements. [L 2006, c 180, pt of §2]