An authority may develop and administer projects to make safe and sanitary housing available for military personnel. An authority has all the rights, powers, privileges, and immunities under this subtitle that it has under any law relating to the ownership, development, or administration of housing projects for persons of eligible income. Except as otherwise provided in this subtitle, a project is not subject to the limitations under §§ 12-401 and 12-402 of this title, or any other limitation on the amount of rentals or the eligibility of tenants, if an authority, or another authority cooperating with it, administers the project under this subtitle: with financial aid from the federal government; or as agent for the federal government. An authority may pay the amount that it finds necessary or desirable for any services, facilities, works, privileges, or improvements furnished for or in connection with housing for military personnel.

An authority may: exercise its powers to cooperate with, or act as agent for, the federal government in the development or administration of projects by the federal government to make safe and sanitary housing available for military personnel; and develop or administer such a project for the federal government.

A State public body has the same rights and powers to cooperate with authorities in the development or administration of projects to make safe and sanitary housing available for military personnel that the State public body has under this Division II to assist in the development or administration of housing projects for persons of eligible income.

Bonds issued by an authority for a project developed or administered under this subtitle are legal investments to the same extent and for the same bodies and officers as bonds issued under any other section of this Division II to develop a housing project for persons of eligible income.

This subtitle is an independent authorization for an authority to: develop or administer projects to make safe and sanitary housing available for military personnel as provided in this Division II; and cooperate with, or act as agent for, the federal government in the development or administration of similar projects by the federal government. Except for laws relating to land acquisition, an authority acting under this subtitle is not subject to any limitation, restriction, or requirement of any other law that sets forth the procedure or action to develop or administer public works. To develop speedily or administer projects for safe and sanitary housing for military personnel, an authority may do all that is necessary or desirable to: work with or act as agent for the federal government; get financial aid; and carry out the purposes of this subtitle.

An authority may exercise its powers anywhere in the State as an agent or lessee of the federal government in the development, construction, operation, or management of a project undertaken by the federal government for housing military personnel.

The powers conferred under this subtitle are in addition to and do not supplant any other powers conferred by law. This subtitle does not limit any other power of an authority.