Tax Abatement Information - Land Clearance Redevelopment Authority

Home Browse Search

cooperate with any and all persons or agencies, public or private, in the making and carrying out of the surveys, appraisals, studies and plans; (11) To prepare plans and provide reasonable assistance for the relocation of families displaced from a land clearance project area or an urban renewal project area, to the extent essential for acquiring possession of and* clearing or renewing the area or parts thereof; (12) To make such expenditures as may be necessary to carry out the purposes of this law; and to make expenditures from funds obtained from the federal government without regard to any other laws pertaining to the making and approval of appropriations and expenditures; (13) To delegate to a municipality or other public body any of the powers or functions of the authority with respect to the planning or undertaking of a land clearance project or urban renewal project in the area in which the municipality or public body is authorized to act, and the municipality or public body is hereby authorized to carry out or perform such powers or functions for the authority; (14) To exercise all powers or parts or combinations of powers necessary, convenient or appropriate to undertake and carry out land clearance, redevelopment and urban renewal plans and projects and all the powers herein granted; (15) To loan the proceeds of the bonds or temporary notes hereinafter authorized to provide for the purchase, construction, extension and improvement of a project by a private or public developer pursuant to a development contract approved by the authority. (L. 1951 p. 300 § 5, A.L. 1955 p. 279, A.L. 1972 S.B. 586, A.L. 1982 H.B. 1411 & 1587) *Word "an" appears in original rolls. CROSS REFERENCES: Bi-state development agency, bonds of, investment in authorized, 70.377 Multinational banks, securities and obligations of, investment in, when, 409.950 Savings accounts in insured savings and loan associations, investment in authorized, 369.194 Preparation and approval of redevelopment and urban renewal plans-- modification of plan. 99.430. 1. Preparation and approval of redevelopment and urban renewal plans shall be carried out within the following regulations: (1) An authority shall not acquire real property for a land clearance or urban renewal project unless the governing body of the community in which the land clearance project area or urban