redevelopment purposes
Defined in 1 place of the United States Code.
The term “redevelopment purposes” means, with respect to any designated blighted area—
(i) the acquisition (by a governmental unit having the power to exercise eminent domain) of real property located in such area,
(ii) the clearing and preparation for redevelopment of land in such area which was acquired by such governmental unit,
(iii) the rehabilitation of real property located in such area which was acquired by such governmental unit, and
(iv) the relocation of occupants of such real property.
Source
- 1994–present26 U.S.C. § 144Internal Revenue Code · Qualified small issue bond; qualified student loan bond; qualified redevelopment bond · for purposes of this part