97 - Procedure for municipal aid.

§  97.  Procedure for municipal aid.  Contracts for municipal loans or  subsidies to an authority or contracts for loans to  a  housing  company  shall  be  approved  in  the same manner as is required for approval and  final authorization of capital projects  or  permanent  improvements  in  such municipality. The provisions of this section shall not apply to any  project commenced prior to the date of enactment of this chapter.