Legislation
SECTION 551
Policy and purposes of article
General Municipal (GMU) CHAPTER 24, ARTICLE 15-A
§ 551. Policy and purposes of article. It is hereby declared to be the
policy of this state to promote the expeditious undertaking, financing
and completion of municipal urban renewal programs by the creation of
municipal urban renewal agencies which are hereby declared to be
governmental agencies and instrumentalities and to grant to such urban
renewal agencies the rights and powers provided in this article. The use
of such rights and powers is a public purpose essential to the public
interest, and for which public funds may be expended.
policy of this state to promote the expeditious undertaking, financing
and completion of municipal urban renewal programs by the creation of
municipal urban renewal agencies which are hereby declared to be
governmental agencies and instrumentalities and to grant to such urban
renewal agencies the rights and powers provided in this article. The use
of such rights and powers is a public purpose essential to the public
interest, and for which public funds may be expended.