27:5D-2 - Power of housing authority or redevelopment agency to contract andĀ convey realty;Ā approval of agreements by municipality
27:5D-2.Ā Power of housing authority or redevelopment agency to contract andĀ convey realty;Ā approval of agreements by municipality
Any municipal housing authority or redevelopment agency of the State, notwithstanding any contrary provision of law, is hereby authorized and empowered to enter into any such co-operative agreement and grant and convey real estate to the State to effectuate the purposes of this act and without theĀ necessity for any advertisement, order of court, or other action or formality,Ā other than the authorizing resolution of the governing body of the municipalĀ housing authority or redevelopment agency concerned, provided however, that noĀ such co-operation agreement shall take effect until and unless the same isĀ approved by resolution of the municipality in which the lands affected areĀ located.
L.1963, c. 126, s. 2.
Ā
Any municipal housing authority or redevelopment agency of the State, notwithstanding any contrary provision of law, is hereby authorized and empowered to enter into any such co-operative agreement and grant and convey real estate to the State to effectuate the purposes of this act and without theĀ necessity for any advertisement, order of court, or other action or formality,Ā other than the authorizing resolution of the governing body of the municipalĀ housing authority or redevelopment agency concerned, provided however, that noĀ such co-operation agreement shall take effect until and unless the same isĀ approved by resolution of the municipality in which the lands affected areĀ located.
L.1963, c. 126, s. 2.
Ā