Any community in this state is authorized to appropriate moneys raised by taxes or
other funds, including, but not limited to, funds in the redevelopment revolving fund,
and to borrow money as provided in chapters 31 - 33 of this title, and may lend or
give the money to any redevelopment agency established by it for the purpose of acquiring
property in any project area or for the clearance and preparation of any project area
for redevelopment or for financing, or otherwise assisting in the carrying out of
any redevelopment plan or to effectuate the purposes and provisions of chapters 31
- 33 of this title.
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