[§356D-11]  Development of property. (a)  The authority, in its own behalf or on behalf of any government, may:

(1)  Clear, improve, and rehabilitate property; and

(2)  Plan, develop, construct, and finance publichousing projects.

(b)  The authority may develop public land inan agricultural district subject to the prior approval of the land usecommission when developing lands greater than five acres in size, and publicland in a conservation district subject to the prior approval of the board ofland and natural resources.  The authority shall not develop state monuments,historical sites, or parks.  When the authority proposes to develop publicland, it shall file with the department of land and natural resources apetition setting forth such purpose.  The petition shall be conclusive proofthat the intended use is a public use superior to that to which the land hadbeen appropriated.

(c)  The authority may develop or assist in thedevelopment of federal lands with the approval of appropriate federal authorities.

(d)  The authority shall not develop any publicland where the development may endanger the receipt of any federal grant,impair the eligibility of any government agency for a federal grant, preventthe participation of the federal government in any government program, orimpair any covenant between the government and the holder of any bond issued bythe government.

(e)  The authority may contract or sponsor withany county, housing authority, or person, subject to the availability of funds,an experimental or demonstration housing project designed to meet the needs ofelders, disabled, displaced or homeless persons, low- and moderate-incomepersons, government employees, teachers, or university and college students andfaculty. [L 2006, c 180, pt of §2]