§53-15  Financial assistance of agency and
office of urban renewal coordinator; redevelopment fund.  The redevelopment
agency 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, public
or private, for purposes of this part, and may give such security as may be
required and may enter into and carry out contracts in connection therewith. 
In the event that any contract for federal assistance or any federal law or
regulations applicable thereto requires any action, practice, procedure, or
remedy to be undertaken by the agency in any urban renewal project that is
contrary to or conflicts with any state or local law, then the federal
requirements or provisions shall govern and prevail over any provision of state
or local law to the contrary.  The foregoing provision shall be liberally
applied and construed as to any case of conflicting federal and local requirements
to the end that federal financial assistance for any urban renewal project
shall not be hindered, impaired, or jeopardized.  In fulfilling its duties the
agency may expend funds legally loaned, appropriated, or granted to it by any
agency of the government, funds received as gifts or contributions, and funds
received from the sale or use of its properties.  All moneys received by any
agency shall be paid into the treasury of the county to be held in a
redevelopment fund, hereby created, to the credit of the agency and shall be
disbursed upon warrants of the director of finance, based upon vouchers signed
by the chairperson or acting chairperson of the agency or any subordinate of
the agency duly authorized by it to sign the vouchers.



The office of urban renewal coordinator shall
submit in its budget estimates of amount required for administrative expenses
and other costs of operation of the office of the urban renewal coordinator to
be appropriated from the redevelopment fund; provided the amount to be
appropriated 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 urban
renewal coordinator shall have first been approved by the mayor and the
council. [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 c
143, §1; HRS §53-15; gen ch 1993]



 



Cross References



 



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