(1) To accomplish the purposes specified in sections 31-25-901 and 31-25-902, authorities are granted the following additional powers:
To acquire, hold, use, transfer, and convey any real property or any interest therein,in fee or a leasehold interest, for purposes of initiating projects involving unconventional gas exploration, production, and development;
To engage in any and all activities respecting the exploration, development, production, distribution, marketing, and sale of unconventional gas to any person or public or private entity or for municipal uses;
To issue revenue bonds authorized by action of the governing body, without the approval of the qualified electors of the municipality, for purposes of financing the exploration, development, production, distribution, and marketing of unconventional gas.
Source: L. 80: Entire part added, p. 660, § 1, effective July 1.