§53-34  Regulation of redevelopmentcorporations.  The redevelopment agency shall examine each redevelopmentcorporation and keep informed as to its general condition, its capitalization,and the manner in which its property is constructed, leased, operated, ormanaged with respect to its compliance with all provisions of law and orders ofthe agency.

The agency may:

(1)  Either itself or through its inspectors oremployees, duly authorized by it, enter in or upon and inspect the property,equipment, buildings, plants, offices, apparatus, and devices of anyredevelopment corporation; examine all books, contracts, records, documents,and papers of any redevelopment corporation and by subpoena duces tecum compelthe production thereof.  At the request of the agency the state commissioner offinancial institutions shall assist in examination of the books, contracts,records, documents, and papers and report thereon to the agency;

(2)  In its discretion, prescribe uniform methods andforms of keeping accounts, records, and books to be observed by redevelopmentcorporations, and after a hearing prescribe by order accounts in whichparticular outlays and receipts shall be entered, charged, or credited;

(3)  Require specific answers to questions upon whichit may desire information and require the filing of periodic reports in theform, covering the period, and at the time prescribed by it;

(4)  In the deed or contract selling or leasingproperty in a redevelopment project to any other person or corporation, reservesuch of the powers hereinabove mentioned as are appropriate and necessary orproper to effectuate the requirements of this chapter. [L 1949, c 379, §17; amL 1951, c 244, §8; RL 1955, §143-33; am L 1959, c 44, §5; HRS §53-34; am L1985, c 269, §55]