WILLIAM DONALD SCHAEFER, Governor
LOCATED IN SUCH AMOUNT, IF ANY, AS MAY BE SET BY MUTUAL
AGREEMENT BETWEEN SUCH AUTHORITY OR NONPROFIT HOUSING
CORPORATION AND THE CITY, THE COUNTY, OR THE POLITICAL
SUBDIVISION OF THE STATE; PROVIDED, HOWEVER, THAT THE SUM TO
BE PAID TO THE LOCAL GOVERNMENT SHALL NOT EXCEED AN AMOUNT
EQUAL TO THE REGULAR TAXES LEVIED UPON SIMILAR PROPERTY.
(B) (1) EXCEPT AS SET FORTH IN PARAGRAPH (2) OR (3) OF THIS
SUBSECTION, ALL REAL PROPERTY OF AN AUTHORITY SHALL BE
EXEMPT FROM LEVY AND SALE BY VIRTUE OF AN EXECUTION, AND NO
EXECUTION OR OTHER JUDICIAL PROCESS SHALL ISSUE AGAINST THE
SAME NOR SHALL ANY JUDGMENT AGAINST AN AUTHORITY BE A
CHARGE OR LIEN UPON ITS REAL PROPERTY.
(2) THE PROVISIONS OF PARAGRAPH (1) OF THIS SUBSECTION
SHALL NOT LIMIT A RIGHT TO FORECLOSE OR OTHERWISE ENFORCE:
(I) ANY MORTGAGE OR DEED OF TRUST RECORDED
AGAINST ANY PROPERTY OF AN AUTHORITY; OR
(II) ANY PLEDGE OR LIEN GIVEN BY AN AUTHORITY ON
ITS RENTS, FEES, OR REVENUES.
(3) THE PROVISIONS OF PARAGRAPHS (1) AND (2) OF THIS
SUBSECTION MAY NOT DEPRIVE ANY CITY OR COUNTY OF ITS RIGHT TO
COLLECT ANY SERVICE CHARGE AGREED UPON IN LIEU OF TAXES IN
THE SAME MANNER AS ALL SUCH TAXES ARE NOW, OR MAY HEREAFTER
BE, COLLECTIBLE UNDER THE LAWS OF THIS STATE AND OF SAID CITIES
OR COUNTIES.
1-105.
NOTWITHSTANDING ANY OTHER EVIDENCE OF THE LEGISLATIVE
INTENT, IT IS HEREBY DECLARED TO BE THE LEGISLATIVE INTENT THAT
IF ANY PROVISION OF THIS ARTICLE OR THE APPLICATION THEREOF TO
ANY PERSON OR CIRCUMSTANCES IS HELD INVALID, THE REMAINDER
OF THE ARTICLE AND THE APPLICATION OF SUCH PROVISION TO OTHER
PERSONS OR CIRCUMSTANCES SHALL NOT BE AFFECTED THEREBY.
1-106.
THE PROVISIONS APPLICABLE TO PARTICULAR LOCAL
GOVERNMENTS AND THEIR AUTHORITIES IN THE OTHER TITLES OF THIS
ARTICLE:
(1) TAKE PRECEDENCE OVER THE PROVISIONS OF THIS TITLE
IN THE EVENT OF A CONFLICT; AND
(2) MAY NOT BE USED TO INTERPRET THE LAWS OF THIS
TITLE AS APPLIED TO ANY OTHER LOCAL GOVERNMENT OR ITS
AUTHORITY.
- 2991 -
|