12-5506

Chapter 12.--CITIES AND MUNICIPALITIES
Article 55.--PRIVATIZATION OF PUBLIC SERVICES

      12-5506.   Same; sale or lease of land and facilities; bonds, loans,grants; eminent domain, prohibited.The municipality, in compliance with the serviceagreement,may sell or lease to the private contractor or any other municipality, onterms and conditions as the municipality considers appropriate, anyexisting related facilities, including land owned by the municipality.The municipality also may issue bonds, borrow money and accept grants forthe acquisition of land or related facilities, to the extent and in themanner otherwise authorized by law, but no such land or facilities shall besold or given to the private contractor. Nothing in this act shallauthorize a municipality to acquire land by eminent domain for sale or giftto a private contractor.

      History:   L. 1990, ch. 64, § 6; July 1.