11-8-40. Urban renewal agency created--Finding and election required before exercise of powers.
77 words·~1 min read·
/sd/title-11/chapter-11-8/11-8-40A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is hereby created in each municipality a public body corporate and politic to be known as the "urban renewal agency" of the municipality; provided, however, that such agency shall not transact any business or exercise its powers hereunder until or unless the local governing body has made the finding prescribed in § 11-8-8 and has elected to have the urban renewal powers exercised by an urban renewal agency as provided in §§ 11-8-38 and 11-8-39 .