102

Notwithstanding the provisions of section ninety-four of this article, a municipality is authorized to make or contract to make capital subsidies for the construction, reconstruction, development and capital improvement of public housing to an authority operating within the territorial limits of such municipality, payable either with moneys locally appropriated therefor from the general fund or other funds available for current expenses of such municipality or from the proceeds of borrowings or other moneys available from the capital fund or other funds available for capital improvements of such municipality.