12-5506. Same; sale or lease of land and facilities; bonds, loans, grants; eminent domain, prohibited.
12-5506
12-5506. Same; sale or lease of land and facilities; bonds, loans,
grants; eminent domain, prohibited.
The municipality, in compliance with the service
agreement,
may sell or lease to the private contractor or any other municipality, on
terms and conditions as the municipality considers appropriate, any
existing related facilities, including land owned by the municipality.
The municipality also may issue bonds, borrow money and accept grants for
the acquisition of land or related facilities, to the extent and in the
manner otherwise authorized by law, but no such land or facilities shall be
sold or given to the private contractor. Nothing in this act shall
authorize a municipality to acquire land by eminent domain for sale or gift
to a private contractor.
History: L. 1990, ch. 64, § 6; July 1.