23-11-12. Rentals to be at lowest possible rate - Authority not to be operated for profit

23-11-12. Rentals to be at lowest possible rate - Authority not to be operated for profit. Each housing authority shall manage and operate its housing projects in an efficient manner so as to enable it to fix the rentals for dwelling accommodations at the lowest possible rates consistent with its providing decent, safe, and sanitary dwelling accommodations. No housing authority may construct or operate any project for profit or as a source of revenue to the city or the county.