Section 80.140 - Authority may acquire land and housing stock(1) An authority may acquire by gift, devise, bequest, lease, grant, or purchase lands, structures, or interests in land necessary for the building of housing, upon terms, prices, or considerations considered reasonable by the authority and agreed upon between the authority and the owner. Title to all property acquired by the authority shall be taken in the corporate name of the authority.(2) An authority may acquire by gift, devise, bequest, lease, grant, or purchase an interest in, by means of a partnership, joint venture, or other co-ownership arrangement, low-income and moderate-income housing stock.Effective:7/15/1996
Amended 1996, Ky. Acts ch. 237, sec. 6, effective7/15/1996. -- Amended 1984 Ky. Acts ch. 226, sec. 4, effective 7/13/1984; and ch. 361, sec. 6, effective 7/13/1984. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective 10/1/1942, from Ky. Stat. sec. 927a-5, 927a-11, 2741x-5.