§ 157-55. Cooperation with federal government; sale to same. - North Carolina Statutes

§ 157‑55. Cooperation with federal government; sale to same.

A housing authority may exercise any or all of its powers for thepurpose of cooperating with, or acting as agent for, the federal government inthe development or administration of projects by the federal government toassure the availability of safe and sanitary dwellings for persons engaged innational defense activities and may undertake the development or administrationof any such project for the federal government. In order to assure the availabilityof safe and sanitary housing for persons engaged in national defenseactivities, a housing authority may sell (in whole or in part) to the federalgovernment any housing projects developed for persons of low income but not yetoccupied by such persons; such sale shall be at such price and upon such termsas the housing authority shall prescribe and shall include provision for thesatisfaction of all debts and liabilities of the authority relating to suchproject. (1941, c. 63, s.3.)