Sec. 10-173.01. Establishment of Housing Rehabilitation Fund

There is hereby established the Prince George's County, Maryland, Housing Rehabilitation Fund for the purpose of providing financial assistance to low and moderate income persons, based upon need, for the rehabilitation of residential properties and the elimination of unsafe housing conditions. All funds made available for the purposes of this Division shall constitute a special fund of Prince George's County and all such funds shall be paid into or out of or otherwise expended from such special fund; except that the County Executive may expend such monies as are provided for in the County's approved expense budget for the payment of administering and servicing of all assistance provided out of the County's Housing Rehabilitation Fund. The County Executive is authorized to provide for such administering and servicing through contracts with third parties or by the employment of county personnel.