§8-38-4 Authorization to create economic opportunity development districts.
§8-38-4. Authorization to create economic opportunity development districts.
A municipality may, in accordance with the procedures and subject to the limitations set forth in this article:
(1) Create one or more economic opportunity development districts within its limits;
(2) Provide for the administration and financing of development expenditures within the districts; and
(3) Provide for the administration and financing of a continuing program of development and redevelopment expenditures within the districts.