9-441. Definitions In this article, unless the context otherwise requires: 1. " Housing" means any structure suitable for residence by an individual or family. 2. " Housing development area" means an area within a municipality that is declared by the local governing body to be in serious need of housing and that is declared to […]
9-441.01. Public purpose; declaration of housing development area by local governing body A. It is a valid public purpose of municipalities to assist in providing for the acquisition, construction or rehabilitation of housing and other facilities necessary or incidental to the housing and primarily for the use of those residing in the housing, in areas […]
9-441.02. Powers of municipalities A. A municipality has the authority to carry out the provisions of this article, including the following: 1. Enter into contracts or leases with developers of housing development projects containing covenants, restrictions and conditions regarding the use of the property for residential purposes. 2. Finance or refinance, by loan, grant, lease […]
9-441.03. Issuance of bonds A. A municipality may issue bonds to finance any housing development project under this article, including the payment of principal and interest on any advances for surveys and plans for housing development projects, and may also issue refunding bonds for the payment or retirement of such bonds previously issued by it. […]
9-441.04. Additional security for bonds A. In connection with the issuance of bonds pursuant to section 9-441.03, or the incurring of obligations under leases, and in order to secure the payment of these bonds or obligations, a municipality, in addition to its other powers, may: 1. Prescribe the procedure, if any, by which the terms […]
9-441.05. Construction of bond provisions This article without reference to other statutes, constitutes full authority for the authorization and issuance of bonds under section 9-441.03. Except as provided in section 9-441.07, bonds authorized under this article are not subject to the provisions of any other state law or charter relating to the issuance or sale […]
9-441.06. Certification of bonds by attorney general A. Any bonds to be issued under section 9-441.03 may be submitted to the attorney general after all proceedings for issuance of the bonds have been taken. On submission of the proceedings to the attorney general, the attorney general shall examine into and pass upon the validity of […]
9-441.07. Use of municipal revenue powers to provide monies for project Every municipality may use its monies for the purposes of aiding in the planning, undertaking or carrying out of a housing development project in its area of operations. To obtain monies for this purpose, every municipality, in addition to other powers set forth in […]
