Under existing law, a municipal housing authority has numerous powers. This bill would further provide for a municipal housing authority's power to manage housing projects and community facilities, participate in lawful forms of business organizations, make loans, create subsidiaries or other lawful business organizations, and enter into contracts. This bill would ratify the creation of any wholly-owned subsidiary of a municipal housing authority. This bill would further provide for a municipal housing authority's power to evaluate and award contracts. This bill would exempt public housing authorities from all taxes. This bill would also make nonsubstantive, technical revisions to update the existing code language to current style.

Statutes affected:
Introduced: 24-1-22, 24-1-27