Section 59. Disposal of records

1. Notwithstanding the provisions of any
  general, special or  local  law,  any  municipal  housing  authority  or
  officer  or  employee  thereof  is  hereby empowered to destroy, sell or
  otherwise dispose of any book, paper, map,  photograph,  microphotograph
  or other record regardless of its physical form or characteristic, which
  has  been made, acquired, or received or is now in its custody and which
  the authority determines no longer has sufficient administrative, legal,
  fiscal, research or historical value to warrant its continued  retention
  and  preservation,  provided  the authority authorizes such destruction,
  sale, or other disposition.
    2. The provisions of this section shall not  apply  to  the  following
  records of municipal housing authorities unless copies for retention are
  reproduced as provided in section sixty of this chapter:
    (a)  The  official  copy  of  the  minutes  of  any  municipal housing
  authority including appendices and attachments thereto.
    (b) The official copy of any annual report of  any  municipal  housing
  authority to the commissioner.
    (c)  Records  which  have not been retained for such period of time as
  may be required:
    (1) by the federal government or any of its agencies;
    (2) by rules and regulations of the state comptroller;
    (3) by rules and regulations of the commissioner.