17-2357.   Aid from federal government.In addition to the powers conferred upon a municipality by otherprovisions of this act, a municipality is empowered to borrow money oraccept contributions, grants or other financial assistance from the federalgovernment for or in aid of any housing project within its area ofoperation, to take over, lease or manage any project or undertakingconstructed or owned by the federal government, and to these ends, tocomply with such conditions and enter into such contracts, covenants,mortgages, trust indentures, leases or agreements as may be necessary,convenient or desirable. It is the purpose and intent of this act toauthorize every municipality to do any and all things necessary ordesirable to secure the financial aid or cooperation of the federalgovernment in the undertaking, construction, maintenance or operation ofany housing project by such municipality. To accomplish this purpose amunicipality, notwithstanding the provisions of any other law, may includein any contract for financial assistance with the federal government anyprovisions, which the federal government may require as conditions to itsfinancial aid of a housing project, not inconsistent with the purposes ofthis act.

      History:   L. 1957, ch. 132, § 21; L. 1973, ch. 96,§ 17; July 1.