(1) In addition to the powers conferred upon an authority by other provisions of this
part, an authority may:
(a) borrow money or accept contributions, grants, or other financial assistance from
the federal government in aid of a project or related activity concerning health,
welfare, economic, educational, environmental, or related issues faced by persons
of medium and low income;
(b) take over, lease, or manage a project or undertaking constructed or owned by the
federal government; and
(c) comply with conditions and enter into contracts, covenants, mortgages, trust indentures,
leases, or agreements considered necessary, convenient, or desirable to accomplish
the purposes of Subsections (1)(a) and (b).
(2)(a) The purpose and intent of this part is to authorize an authority to do everything
necessary or desirable to secure the financial aid or cooperation of the federal government
in the provision of decent, safe, and sanitary dwellings and maintaining a wholesome
living environment for persons of medium and low income.
(b) To accomplish the purpose of Subsection (2)(a) an authority may include in a contract
for financial assistance with the federal government the provisions that the federal
government may require as conditions to the federal government's financial aid unless
those provisions are inconsistent with the purposes of this part.
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