N.Y. Public Housing Law 123 – Acquisition of lands for future use
§ 123. Acquisition of lands for future use. Notwithstanding any provision of law, an authority or a government may acquire by purchase, gift, condemnation or otherwise, such property as it may deem ultimately necessary or proper to effectuate the purposes of this chapter or any of them although temporarily not required for such purposes, provided that the local legislative body and the planning commission, if any, authorize such acquisition. The acquisition and use of property under this section shall be subject to the planning and zoning laws, ordinances and regulations applicable to the municipality in which the property is situated. Proceedings to condemn such property shall be brought by the authority or government in the same manner as for real property required for a project.
Terms Used In N.Y. Public Housing Law 123
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.