Section 15-10-108 – Financing; Borrowing; Obligations Authorized; Security; Debt Provisions Inapplicable; Tax Exemption.
15-10-108. Financing; borrowing; obligations authorized; security; debt provisions inapplicable; tax exemption. (a) A municipality or county may borrow funds and issue any types of obligations it determines are necessary for the purpose of financing housing for persons of low income, including obligations on which the principal and interest are payable exclusively from the income and […]
Section 15-10-109 – Financing; Form and Manner of Issuing Obligations; Negotiability; Presumptions.
15-10-109. Financing; form and manner of issuing obligations; negotiability; presumptions. (a) Obligations issued pursuant to this chapter shall be authorized by resolution and may: (i) Be issued in a form and manner and subject to the terms and conditions the resolution provides; (ii) Be sold at public or private sale. (b) Any provision of any […]
Section 15-10-110 – Financing; Exemption From Judicial Process; Exception; Waiver.
15-10-110. Financing; exemption from judicial process; exception; waiver. All property acquired or held by a municipality or county pursuant to this chapter is exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall issue against the property, nor shall any judgment against the municipality or county be […]
Section 15-10-111 – Financing; Federal Assistance.
15-10-111. Financing; federal assistance. Any municipality or county may borrow money or accept financial assistance from the federal government for any project or related activities. A municipality or county may include in any contract for financial assistance with the federal government any provisions which the federal government requires as conditions to its financial aid consistent […]
Section 15-10-112 – Power of Eminent Domain.
15-10-112. Power of eminent domain. (a) A municipality or county has the right to acquire by the exercise of the power of eminent domain any real property or interest therein which it deems necessary for its purposes under this chapter after adopting a resolution declaring that the acquisition of the real property described in the […]
Section 15-10-101 – Definitions.
15-10-101. Definitions. (a) As used in this chapter: (i) “Area of operation” means the area within the boundaries of a municipality or county as the case may be or, in the case of combined operations of municipalities and counties, the area comprising the operating area of all the municipalities and counties so combining. In the […]
Section 15-10-102 – Findings Prerequisite to Exercising Authority.
15-10-102. Findings prerequisite to exercising authority. (a) No municipality or county shall exercise the authority conferred by this chapter until its governing body adopts a resolution finding that: (i) Unsanitary or unsafe or substandard inhabited dwelling accommodations exist in the municipality or county; or (ii) There is a shortage of safe and sanitary dwelling accommodations […]