N.J.S.A. 27:5D-2 — Power of housing authority or redevelopment agency to contract and convey realty; approval of agreements by municipality

27:5D-2. Power of housing authority or redevelopment agency to contract and convey realty; approval of agreements by municipality Any municipal housing authority or redevelopment agency of the State, notwithstanding any contrary provision of law, is hereby authorized and empowered to enter into any such co-operative agreement and grant and convey real estate to the State to effectuate the purposes of this act and without the necessity for any advertisement, order of court, or other action or formality, other than the authorizing resolution of the governing body of the municipal housing authority or redevelopment agency concerned, provided however, that no such co-operation agreement shall take effect until and unless the same is approved by resolution of the municipality in which the lands affected are located. L.1963, c. 126, s. 2.

This is the verbatim text of N.J.S.A. 27:5D-2, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.