A.  In order most effectively to carry out its corporate purposes, a corporation shall assist and cooperate with state and local agencies authorized or empowered to review the affairs and accounts of such corporation.

B.  All state and local agencies shall render to a corporation such services within their respective functions, pursuant to a request by such corporation, as may be feasible and not incompatible with the performance of their own duties.

C.  For the purpose of aiding in the planning, undertaking or carrying out of a new community development project and related activities authorized by this chapter, any public body may, upon such terms, with or without consideration as it may determine:

1.  Dedicate, sell, donate, grant, devise, convey or lease any of its interest in any property or grant easements, licenses or other rights or privileges therein to a corporation;

2.  Incur the entire expense of any public improvements made by such public body in assistance of a corporation;

3.  Lend, grant, or contribute funds to a corporation and borrow money and apply for and accept advances, loans, grants, contributions, and any other form of financial assistance from the federal government or other public body or from any other source for the benefit of such corporation;

4.  Enter into agreements (which, notwithstanding any provision or rule of law to the contrary, may extend over any period) with the federal government or other public body for the purpose of assisting a corporation to carry out its powers under this chapter.

5.  Furnish to a corporation public buildings and public facilities, including parks, playgrounds, recreational, community, educational, water, sewer, or drainage facilities, or any works which it is otherwise empowered to undertake; furnish, dedicate, close, vacate, pave, install, grade, regrade, plan or replan streets, roads, sidewalks, ways or other places; plan or replan, zone or rezone any property of the public body or make exceptions from building regulations; and furnish administrative and other services to such corporation;

6.  Do any and all things necessary to aid or cooperate in the planning or carrying out of a new community development plan and related activities;

7.  If at any time title to or possession of any new community development project is held by any public body or governmental agency other than a corporation, the provisions of the agreements referred to in this section shall inure to the benefit of and may be enforced by such public body or governmental agency;

D.  Any sale, conveyance, lease or agreement provided for in this section may be made by a public body without appraisal, public notice, public hearing or competitive bidding.

E.  The parish or municipality may issue and sell its general obligation bonds to forward the purposes of this section, or for the purpose of aiding in the planning, undertaking or carrying out of a development project and related activities.  Nothing in this section shall limit or otherwise adversely affect any other section of this chapter.

Acts 1972, No. 553, §17.