California Health and Safety Code 33342 – Redevelopment plans may provide for the agency to acquire by gift, …
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Redevelopment plans may provide for the agency to acquire by gift, purchase, lease, or condemnation all or part of the real property in the project area.
(Added by Stats. 1963, Ch. 1812.)
Terms Used In California Health and Safety Code 33342
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.