Section 9-920 - Interests in property and franchises; consent required to use eminent domain.
§ 9-920. Interests in property and franchises; consent required to use eminent domain.
(a) In general.- The board of directors of an authority may:
(1) Acquire, lease as a lessee, hold, and use any interest in any property or franchise that is necessary or desirable to carry out the purposes of the authority;
(2) Sell, lease as a lessor, transfer, or otherwise dispose of any interest in any property or franchise of the authority; and
(3) Acquire any right in land or water right in connection with land by gift, purchase, or eminent domain.
(b) Consent required to condemn public property.- To condemn an interest in property that is owned by a political subdivision, an authority must obtain the consent of the governing body of the political subdivision.
[1985, ch. 173, § 2.]