In addition to the powers conferred upon an authority by other provisions of this part, an authority may:
Terms Used In Utah Code 35A-8-423
authority: means a public body corporate and politic created by this part. See Utah Code 35A-8-401
Contract: A legal written agreement that becomes binding when signed.
Federal government: includes the United States of America, the Department of Housing and Urban Development, or any other agency or instrumentality, corporate or otherwise, of the United States. See Utah Code 35A-8-401
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
project: means a work or undertaking, on contiguous or noncontiguous sites to:
(i)
demolish, clear, or remove buildings from a blighted area;
(ii)
provide or assist in providing decent, safe, and sanitary urban or rural dwellings, apartments, or other living accommodations for persons of medium and low income by any suitable methods, including rental, sale of individual units in single or multifamily structures under conventional condominium, cooperative sales contract, lease-purchase agreement, loans, or subsidizing of rentals or charges; or
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.
Renumbered and Amended by Chapter 212, 2012 General Session
