Sec. 18. A housing authority may:
(1) lease or rent any land, buildings, structures, or facilities included in a housing project;
(2) fix the rentals or charges for property it rents or leases;
(3) own, hold, and improve real or personal property;
(4) acquire any interest in real or personal property in any manner, including the power of eminent domain;
(5) dispose of any interest in real or personal property in any manner;
(6) provide for the insurance of the property or operations of the authority against risks or hazards; and
(7) obtain from the federal government insurance or guarantees for the payment of any debts secured by mortgages on property included in a housing project, whether or not those debts were incurred by the authority.
[Pre-Local Government Recodification Citations: 18-4-8-5 part; 18-7-11-8(d).]
As added by Acts 1981, P.L.309, SEC.37. Amended by P.L.344-1987, SEC.6.