An authority may borrow money or accept contributions from the federal government to assist in its undertaking redevelopment projects. An authority may do any and all things necessary or desirable to secure such financial aid (including obligating itself in any contract with the federal government for annual contributions to convey to the federal government the project to which the contract relates upon the occurrence of a substantial default thereunder), in the same manner as it may do to secure such aid in connection with slum clearance and housing projects under this chapter.
Tenn. Code Ann. § 13-20-206
Authority authorized to obtain financial aid from federal government for redevelopment project
Known as the Housing Authorities Law
The act spans §§ 13–13 (92 sections).
Applied in 1 court decision — leading case KLN Associates v. Metro Development & Housing Agency (1990)
Most recently applied in KLN Associates v. Metro Development & Housing Agency (August 1990)
Acts 1945, ch. 114, § 7; C
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.