§ 11-38-110. Powers of redevelopment corporations or other private persons or corporations.

For the purpose of aiding in the planning, undertaking or carrying out of an urban renewal project, an urban redevelopment corporation or any other private person or corporation may, upon such terms and with or without consideration, as may be determined:

1.  Dedicate, sell, convey, or lease any of its interest in any property or grant easements, licenses or other rights or privileges therein to an Urban Renewal Authority, or to a municipality or any other public body or governmental agency or to any private person or corporation;

2.  Incur the entire expense, or any portion thereof, of any public improvements necessary to the execution of an urban renewal plan;

3.  Do any and all things necessary to aid or cooperate in the planning or carrying out of an urban renewal plan;

4.  Lend, grant or contribute funds to an Urban Renewal Authority; or

5.  Enter into agreements, including lease-purchase agreements, (which may extend over any period, notwithstanding any provision or rule of law to the contrary) with any municipality, public body or governmental agency including an Urban Renewal Authority, respecting action to be taken pursuant to any of the powers granted by this article, including the furnishing of funds, or other assistance in connection with an urban renewal project.

Laws 1977, c. 256, § 38-110, eff. July 1, 1978.