§16-15-9. Developments subject to ordinances, etc., of locality in
which situated; restrictions on acquisition, etc., of property; securities need not be offered to sinking fund commission.
All developments of an authority shall be subject to the
planning, zoning, sanitary and building laws, ordinances and
regulations applicable to the locality in which the development is
situated. No provisions with respect to the acquisition, operation
or disposition of property by public bodies shall be applicable to
an authority unless the Legislature shall specifically so state.
No authority shall be required to offer its securities to the state
sinking fund commission at any time, nor shall any authority be
required to turn over any surplus or sinking funds to the state
sinking fund commission.