79.560. Purchases of real property, cooperation of other political subdivisions--limitation of powers (certain municipalities). - Missouri Statutes

Purchases of real property, cooperation of other politicalsubdivisions--limitation of powers (certain municipalities).

79.560. 1. Where the authority attempts to purchase realproperty for fair market value from any political subdivision inthis state, such political subdivision shall, if at all possibleand if it would not incur undue hardship, assist the authorityby selling such property.

2. The provisions of sections 79.550 to 79.565 shall applyonly in the boundaries of the municipality which establishes amunicipal redevelopment authority as such boundaries existed onJanuary 1, 1988. If any such municipality disincorporates afterestablishing an authority, the authority shall be dissolved,except that the authority shall determine the method of retiringany bonds issued by the authority.

(L. 1988 H.B. 1738 § 5, A.L. 1990 H.B. 1564)

Effective 7-12-90