HOUSE BILL 1658
AN ACT TO AUTHORIZE THE TOWN OF FUQUAY-VARINA, THE TOWN OF ROSE HILL, THE TOWN OF WARSAW, THE CITY OF CLINTON, AND THE CITY OF GOLDSBORO TO PARTICIPATE IN THE URBAN DEVELOPMENT ACTION PROGRAM AND TO LEND OR GRANT THE MONEYS RECEIVED FROM THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT TO PRIVATE DEVELOPERS.
Whereas, the Congress of the United States enacted the Housing and Community Development Act of 1977 (Public Law 95-128) authorizing the Secretary of Housing and Urban Development to make Urban Development Action Grants to distressed cities and towns which require increased public assistance and private investment to alleviate physical and economic deterioration; Now, therefore,
The General Assembly of North Carolina enacts:
Section 1. Chapter 160A of the General Statutes is amended by adding a new section to read:
"§ 160A-458. Urban Development Action Grants.-In addition to the powers granted by G.S. 160A-17.1, 160A-456, 160A-457 and other applicable legislation, any city is authorized either as a part of a community development program or independently thereof, to exercise the following powers:
(1) to enter into contracts or agreements with any person, association, corporation or governmental body to undertake and carry out specified activities in furtherance of the purposes of Urban Development Action Grants authorized by the Housing and Community Development Act of 1977 (P.L. 95-128); and
(2) without limiting the generality of the foregoing, to enter into and carry out contracts or agreements with any person, association or corporation to loan or grant to the person, association or corporation moneys granted or to be granted to the city by the Department of Housing and Urban Development for the purpose of enabling the city to make such loan or grant to the person, association or corporation; provided, however, that this act shall not be construed to authorize any city to enter into agreements to lend its own funds or credit in aid of any person, association or corporation except as otherwise permitted by law, but rather shall be construed to authorize only contracts or agreements to grant or lend moneys received or to be received by the city from the Department of Housing and Urban Development for the purpose of enabling the city to make loans or grants to such person, association or corporation."
Sec. 2. If any provision of this act is for any reason held to be unconstitutional or otherwise invalid, the decision shall not affect the validity of the remainder of the act.
Sec. 3. This act shall apply only to the Town of Fuquay-Varina, the Town of Rose Hill, the Town of Warsaw, the City of Clinton, and the City of Goldsboro.
Sec. 4. This act is effective upon ratification.
In the General Assembly read three times and ratified, this the 24th day of June, 1980.