The director may permit the consolidation of two or more approved projects, the extension or amendment of any approved project or the consolidation of any approved project with a proposed project. In any of these events the consolidated project shall be treated as an original project and an application shall be submitted as in the case of an original project and rents may be averaged throughout the consolidated or extended project. The director may likewise permit or decline to permit any limited dividend corporation to organize and operate more than one project or to take over any project heretofore approved by the director and operate it independently of other projects of the corporation.
HISTORY: 1962 Code Section 36-39; 1952 Code Section 36-39; 1942 Code Section 5271-11; 1933 (38) 176; 1993 Act No. 181, Section 500.
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