§516-24.5  Exchanges.  (a)  The corporation
may exchange public lands for private lands to be condemned or involuntarily
sold pursuant to this chapter; provided that any such exchange shall be subject
to legislative disapproval; provided further that lands exchanged need not be
of like-kind or comparable use; and provided further that no lands classified
as conservation shall be exchanged for private lands.



(b)  The corporation may acquire private lands
by negotiated sale for purposes of exchanging such land with private lands
pursuant to subsection (a).  The legislature declares that such acquisition is
for the public purpose of encouraging home ownership on as widespread a basis
as possible. [L 1975, c 184, §2(21); am L 1987, c 337, §16; am L 1988, c 104,
§2; am L 2005, c 196, §26(b); am L 2006, c 180, §16]