EXCEPTIONS TO THE UPPER INCOME LIMITS.

(2) THIS SUBSECTION SHALL BE INAPPLICABLE IF ITS
APPLICATION WOULD DISQUALIFY THE STATE OR ANY COUNTY FROM
RECEIVING ANY FEDERAL FUNDS.

(C) THE HOUSING AUTHORITY OF WASHINGTON COUNTY, IN
ADDITION TO THE POWERS ENUMERATED IN THIS ARTICLE AND
PROVIDED BY LOCAL LAW, SUBJECT TO THE AUTHORITY OF THE BOARD
OF COUNTY COMMISSIONERS AS SET FORTH IN SUBSECTION (B) OF THIS
SECTION, MAY:

(1) MAKE MORTGAGE LOANS AND MAKE RENT SUBSIDY
PAYMENTS TO PERSONS OF ELIGIBLE INCOME;

(2) MAKE CONSTRUCTION LOANS AND LONG-TERM
MORTGAGE LOANS TO ANY PERSON, FIRM, PARTNERSHIP, ASSOCIATION,
JOINT VENTURE, OR CORPORATION, PUBLIC OR PRIVATE, TO PRODUCE
HOUSING FOR PERSONS OF ELIGIBLE INCOME; OR

(3) WAIVE INCOME LIMITS FOR PERSONS 65 YEARS OR OLDER.

(D) (1) IN ADDITION TO THE POWERS ENUMERATED IN THIS
ARTICLE, THE AUTHORITY MAY EXERCISE ITS POWERS AS GRANTED BY
THIS ARTICLE IRRESPECTIVE OF THE FACT THAT SUCH ACTIVITIES MAY
DISPLACE OR LIMIT ECONOMIC COMPETITION.

(2) THE POWERS GRANTED TO THE AUTHORITY PURSUANT
TO PARAGRAPH (1) OF THIS SUBSECTION MAY NOT BE CONSTRUED:

(I) TO GRANT TO THE AUTHORITY POWERS IN ANY
SUBSTANTIVE AREA NOT OTHERWISE GRANTED TO THE AUTHORITY BY
OTHER PUBLIC GENERAL OR PUBLIC LOCAL LAW;

(II) TO RESTRICT THE AUTHORITY FROM EXERCISING
ANY POWER GRANTED TO THE AUTHORITY BY OTHER PUBLIC GENERAL
OR PUBLIC LOCAL LAW OR OTHERWISE;

(III) TO AUTHORIZE THE AUTHORITY OR ITS OFFICERS TO
ENGAGE IN ANY ACTIVITY WHICH IS BEYOND THEIR POWER UNDER
OTHER PUBLIC GENERAL LAW, PUBLIC LOCAL LAW, OR OTHERWISE; OR

(IV) TO PREEMPT OR SUPERSEDE THE REGULATORY
AUTHORITY OF ANY STATE DEPARTMENT OR AGENCY UNDER ANY
PUBLIC GENERAL LAW.

(E) BONDS OF THE HOUSING AUTHORITY OF WASHINGTON
COUNTY MAY BE SOLD EITHER AT PUBLIC OR PRIVATE SALE IN THE
MANNER AND UPON THE TERMS AS ARE AUTHORIZED BY RESOLUTION
OF THE AUTHORITY.

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