§206J-5 Powers; generally. (a) The development corporation shall have all the powers necessary to carry out its purposes, including the following powers:
(b) The development corporation shall impose, prescribe, and collect rates, rentals, fees, or charges for the lease and use and services of its projects at least sufficient to pay the costs of operation, maintenance and repair, if any, of its projects and the required payments of the principal of and interest on all bonds issued to finance its projects. Notwithstanding anything to the contrary contained in this section, the development corporation may take into account any project costs supplied by qualified persons in calculating such rates, rentals, fees, or charges, to the extent that if the qualified persons selected by the development corporation is willing to underwrite the entire or substantially all of the costs of development and construction of that project, the development corporation is empowered to negotiate nominal rentals. [L 1981, c 236, pt of §1; am L 1982, c 250, §3; am L 1988, c 356, §4; am L 1999, c 150, §2; am L 2000, c 253, §150]