(a) The Authority shall require its advisers and consultants, wherever possible and feasible, to utilize the services of a competent Virgin Islands firm to provide essential management or financial services for said advisers or consultants. The Authority may itself utilize the services of said firm in the issuance of tax exempt bonds, investments or other financial and management responsibilities relating to its programs.
(b) The Governor shall, at the request of the Virgin Islands Housing Finance Authority and approval of the Legislature's Committee on Housing, transfer to said Authority, without cost, any real property owned by the Government of the Virgin Islands, which may be utilized for the housing programs of said Authority; Provided, That specific projects for which the transferred property may be used shall be presented to the Governor and the Legislature's Committee on Housing by the Authority for their prior approval.
(c) In the absence of a board of directors for the Virgin Islands Urban Renewal Board to direct the various functions entrusted to said Board, the board of directors of the Virgin Islands Housing Finance Authority shall undertake all duties, powers and responsibilities of said Urban Renewal Board. Any decision by the Board pursuant to this section shall be approved by the Governor before it becomes final.