Current through the 2024 Budget Session
Section 15-10-103 - Powers of municipalities and counties generally(a) Every municipality and county may: (i) Prepare, carry out and operate projects and provide for the acquisition, construction, reconstruction, rehabilitation, improvement, extension, alteration or repair of any project; (ii) Lease, rent, sell or lease with option to purchase any dwellings, accommodations, lands, buildings, structures or facilities embraced in any project and establish and revise the rents or charges therefor; (iii) Own, hold and improve real or personal property; (iv) Acquire by any means any property or any interest therein; (v) Sell, lease, exchange, transfer, assign, pledge or dispose of any real or personal property or any interest therein; (vi) Make loans for the provision of housing for occupancy by persons of low income; (vii) Insure any property or operations against any risks or hazards; (viii) Invest any funds held in reserves or sinking funds, or any funds not required for immediate disbursement, in property or securities in which savings banks may legally invest funds subject to their control; to redeem its bonds at the redemption price established therein or to purchase its bonds at less than the redemption price and ensure that all bonds so redeemed or purchased are cancelled; (ix) Prepare plans for and assist in the relocation of persons (including individuals, families, business concerns, nonprofit organizations and others) displaced from a housing project site.