§ 160A-457.1. Urban Development Action Grants. - North Carolina Statutes

§ 160A‑457.1. Urban Development Action Grants.

In addition to the powers granted by G.S. 160A‑456 and G.S. 160A‑457,any city is authorized, either as a part of a community development program orindependently thereof, to enter into contracts or agreements with any person,association, or corporation to undertake and carry out specified activities infurtherance of the purposes of Urban Development Action Grants authorized bythe Housing and Community Development Act of 1977 (P.L. 95‑128) or anyamendment thereto which is a continuation of such grant programs by whateverdesignation, including the authority to enter into and carry out contracts oragreements to extend loans, loan subsidies, or grants to  persons,associations, or corporations and to dispose of real or personal property byprivate sale in furtherance of such contracts or agreements.

Any enabling legislation contained in local acts which refers to"Urban Development Action Grants" or the Housing and CommunityDevelopment Act of 1977 (P.L. 95‑128) shall be construed also to refer toany continuation of such grant programs by whatever designation. (1981, c. 865, ss. 1, 2.)