The provision of financial assistance under this chapter with respect to a project shall not—
(1)
relieve any recipient of the assistance of any obligation to obtain any required State or local permit or approval with respect to the project;
(2)
limit the right of any unit of State or local government to approve or regulate any rate of return on private equity invested in the project; or
(3)
otherwise supersede any State or local law (including any regulation) applicable to the construction or operation of the project.