§53-15  Financial assistance of agency andoffice of urban renewal coordinator; redevelopment fund.  The redevelopmentagency may borrow and apply for and accept advances, loans, grants,contributions, and any other form of financial assistance from the federal,state, or county governments or other public body, or from any sources, publicor private, for purposes of this part, and may give such security as may berequired and may enter into and carry out contracts in connection therewith. In the event that any contract for federal assistance or any federal law orregulations applicable thereto requires any action, practice, procedure, orremedy to be undertaken by the agency in any urban renewal project that iscontrary to or conflicts with any state or local law, then the federalrequirements or provisions shall govern and prevail over any provision of stateor local law to the contrary.  The foregoing provision shall be liberallyapplied and construed as to any case of conflicting federal and local requirementsto the end that federal financial assistance for any urban renewal projectshall not be hindered, impaired, or jeopardized.  In fulfilling its duties theagency may expend funds legally loaned, appropriated, or granted to it by anyagency of the government, funds received as gifts or contributions, and fundsreceived from the sale or use of its properties.  All moneys received by anyagency shall be paid into the treasury of the county to be held in aredevelopment fund, hereby created, to the credit of the agency and shall bedisbursed upon warrants of the director of finance, based upon vouchers signedby the chairperson or acting chairperson of the agency or any subordinate ofthe agency duly authorized by it to sign the vouchers.

The office of urban renewal coordinator shallsubmit in its budget estimates of amount required for administrative expensesand other costs of operation of the office of the urban renewal coordinator tobe appropriated from the redevelopment fund; provided the amount to beappropriated for the purposes for any one year shall not exceed the sum of$200,000; and provided further that the estimates for the office of urbanrenewal coordinator shall have first been approved by the mayor and thecouncil. [L 1949, c 379, pt of §4; am L 1951, c 244, pt of §3; RL 1955,§143-15; am L 1957, c 163, §2; am L 1959, c 226, §1; am L 1961, c 112, §2 and c143, §1; HRS §53-15; gen ch 1993]

 

Cross References

 

  Urban renewal coordinator, generally, see §§53-55 to 53-59.