Relinquishing reversionary interest held by political subdivision.

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(1) Not less than 20 years prior to the date on which the resolution is adopted; or

(2) Less than 20 years prior to the date on which the resolution is adopted, if the political subdivision determines that waiving and relinquishing its reversionary interest is in the public interest. [1999 c.366 §3; 2019 c.112 §2]


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