Each urban renewal entity qualifying under this act shall have and may exercise such
of the powers conferred by law on the form of entity selected as shall be necessary
for the operation of the business of the entity and as shall be consistent with the
provisions of this act, and shall have and may exercise the powers set forth in this
act, but only so long as its financial agreement is in effect with the municipality
pursuant to this act.
If an urban renewal entity has, with the consent of the municipality in which its
project is located, transferred its project to another urban renewal entity which
has assumed the contractual obligations of the transferor entity with the municipality,
the transferor entity shall be discharged from any further obligation under the financial
agreement, and shall be qualified to undertake another project with the same or a
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.