<br><br>80.140 Authority may acquire land and housing stock. <br>(1) An authority may acquire by gift, devise, bequest, lease, grant, or purchase lands, <br>structures, or interests in land necessary for the building of housing, upon terms, <br>prices, or considerations considered reasonable by the authority and agreed upon <br>between the authority and the owner. Title to all property acquired by the authority <br>shall be taken in the corporate name of the authority. <br>(2) An authority may acquire by gift, devise, bequest, lease, grant, or purchase an <br>interest in, by means of a partnership, joint venture, or other co-ownership <br>arrangement, low-income and moderate-income housing stock. <br>Effective: July 15, 1996 <br>History: Amended 1996 Ky. Acts ch. 237, sec. 6, effective July 15, 1996. -- Amended <br>1984 Ky. Acts ch. 226, sec. 4, effective July 13, 1984; and ch. 361, sec. 6, effective <br>July 13, 1984. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, <br>1942, from Ky. Stat. sec. 927a-5, 927a-11, 2741x-5. <br><br>