HARRY W. NICE, GOVERNOR. 1241

applicable to an authority unless the legislature shall specific-
ally so state. Provided, however, that no Housing Project as
defined or described in Section 3, sub-section (i), shall be
commenced, arranged, contracted for, or carried out in the
City of Baltimore unless and until its location has been sub-
mitted to and approved by the Board of Estimates of Balti-
more City, provided, however, that nothing herein contained
shall be construed to authorize the United States or any
agency thereof, or the State or any political subdivision there-
of or any municipal corporation heretofore or hereafter cre-
ated to act as a housing authority for the United States
Government's project in Prince George's County generally
known as Greenbelt.

9. It is hereby declared to be the policy of this State that
each housing authority shall manage and operate its housing
projects in an efficient manner so as to enable it to fix the
rentals for dwelling accommodations at the lowest possible
rates consistent with its providing decent, safe and sanitary
dwelling accommodations, and that no housing authority shall
construct or operate any such project for profit, or as a source
of revenue to the city. To this end an authority shall fix the
rentals for dwellings in its projects at no higher rates than it
shall find to be necessary in order to produce revenues which
together with all other available moneys, revenues, income and
receipts of the authority from whatever sources derived) will
be sufficient (a) to pay, as the same become due, the principal
and interest on the bonds of the authority; (b) to meet the
cost of, and to provide for, maintaining and operating the
projects (including the cost of any insurance) and the admin-
istrative expenses of the authority; and (c) to create (during
not less than the six years immediately succeeding its issuance
of any bonds) a reserve sufficient to meet the largest principal
and interest payments which will be due on such bonds in
any one year thereafter and to maintain such reserve.

10. In the operation or management of housing projects an
authority shall at all times observe the following duties with
respect to rentals and tenant selection: (a) It may rent or
lease the dwelling accommodations therein only to persons of
low income, (b) It may rent or lease the dwelling accommo-
dations therein only at rentals within the financial reach of
such persons of low income, (c) It may rent or lease to a
tenant dwelling accommodations consisting of the number of
rooms (but no greater number) which it deems necessary to
provide safe and sanitary accommodations to the proposed
occupants thereof, without overcrowding, (d) It shall not
accept any person as a tenant in any housing project if the