reglab/housing_qa huggingface dataset:
31 DE Code § 4533. (2021)
2021 Delaware Code|Title 31 - Welfare|Chapter 45. Slum Clearance and Redevelopment Authority Law|§ 4533. Bonds as legal investments.

§ 4533. Bonds as legal investments. All public officers, municipal corporations, political subdivisions and public bodies, all banks, trust companies, bankers, savings banks and institutions, building and loan associations, savings and loan associations, investment companies and other persons carrying on a banking business, all insurance companies, insurance associations and other persons carrying on an insurance business, and all executors, administrators, curators, trustees and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging to them or within their control in any bonds or other obligations issued by an authority pursuant to this chapter or by any public housing or redevelopment authority or commission or agency or any other public body in the United States for redevelopment purposes, when such bonds and other obligations are secured by an agreement between the issuing agency and the federal government in which the issuing agency agrees to borrow from the federal government and the federal government agrees to lend to the issuing agency, prior to the maturity of such bonds or other obligations, moneys in an amount which (together with any other moneys irrevocably committed to the payment of interest on such bonds or other obligations) will suffice to pay the principal of such bonds or other obligations with interest to maturity thereon, which moneys under the terms of such agreement are required to be used for the purpose of paying the principal of and the interest on such bonds or other obligations at their maturity and such bonds and other obligations shall be authorized security for all public deposits. It is the purpose of this section to authorize any persons, political subdivisions and officers, public or private, to use any funds owned or controlled by them for the purchase of any such bonds or other obligations. However, nothing contained in this section with regard to legal investments shall be construed as relieving any person of any duty of exercising reasonable care in selecting securities. 48 Del. Laws, c. 345, §  13;  31 Del. C. 1953, §  4533;
31 DE Code § 4534. (2021)
2021 Delaware Code|Title 31 - Welfare|Chapter 45. Slum Clearance and Redevelopment Authority Law|§ 4534. Conveyance to federal government on default.

§ 4534. Conveyance to federal government on default. In any contract for financial assistance with the federal government the authority may obligate itself (which obligation shall be specifically enforceable and shall not constitute a mortgage, notwithstanding any other laws) to convey to the federal government possession of or title to the redevelopment project and land therein to which such contract relates which is owned by the authority, upon the occurrence of a substantial default (as defined in such contract) with respect to the covenants or conditions to which the authority is subject, such contract may further provide that in case of such conveyance, the federal government may complete, operate, manage, lease, convey or otherwise deal with the redevelopment project in accordance with the terms of such contract; provided, that the contract requires that, as soon as practicable after the federal government is satisfied that all defaults with respect to the redevelopment project have been cured and that the redevelopment project will thereafter be operated in accordance with the terms of the contract, the federal government shall reconvey to the authority the redevelopment project as then constituted. 48 Del. Laws, c. 345, §  14;  31 Del. C. 1953, §  4534;
31 DE Code § 4535. (2021)
2021 Delaware Code|Title 31 - Welfare|Chapter 45. Slum Clearance and Redevelopment Authority Law|§ 4535. Property of authority exempt from taxes, from levy and sale by virtue of an execution.

§ 4535. Property of authority exempt from taxes, from levy and sale by virtue of an execution. (a) All property including funds of an authority shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall issue against the same nor shall judgment against an authority be a charge or lien upon its property. The provisions of this section shall not apply to or limit the right of obligees to foreclose or otherwise enforce any mortgage of an authority or the right of obligees to pursue any remedies for the enforcement of any pledge or lien given by an authority on its rents, fees, grants or revenues. (b) The property of an authority is declared to be public property used for essential public and governmental purposes and such property and an authority shall be exempt from all taxes of the municipality, the county, the State or any political subdivision thereof. With respect to any property in a redevelopment project, the tax exemption provided in this section shall terminate when the authority sells, leases or otherwise disposes of such property to a redeveloper for redevelopment. 48 Del. Laws, c. 345, §  15;  31 Del. C. 1953, §  4535;
31 DE Code § 4536. (2021)
2021 Delaware Code|Title 31 - Welfare|Chapter 45. Slum Clearance and Redevelopment Authority Law|§ 4536. Cooperation by public bodies.

§ 4536. Cooperation by public bodies. (a) For the purpose of aiding and cooperating in the planning, undertaking or carrying out of a redevelopment project located within the area in which it is authorized to act, any public body may, upon such terms, with or without consideration, as it determines:  (1) Dedicate, sell, convey or lease any of its interest in any property, or grant easements, licenses or any other rights or privileges therein to an authority; (2) Cause parks, playgrounds, recreational, community, educational, water, sewer or drainage facilities, or any other works which it is otherwise empowered to undertake, to be furnished in connection with a redevelopment project; (3) Furnish, dedicate, close, vacate, pave, install, grade, regrade, plan or replan streets, roads, sidewalks, ways or other places, which it is otherwise empowered to undertake; (4) Plan or replan, zone or rezone any part of the public body or make exceptions from building regulations and ordinances if such functions are of the character which the public body is otherwise empowered to perform; (5) Cause administrative and other services to be furnished to the authority of the character which the public body is otherwise empowered to undertake or furnish for the same or other purposes; (6) Incur the entire expense of any public improvements made by such public body in exercising the powers granted in this section; (7) Do any and all things necessary or convenient to aid and cooperate in the planning or carrying out of a redevelopment plan; (8) Lend, grant or contribute funds to an authority; (9) Employ any funds belonging to or within the control of such public body, including funds derived from the sale or furnishing of property, service, or facilities to an authority, in the purchase of the bonds or other obligations of an authority and, as the holder of such bonds or other obligations, exercise the rights connected therewith; and (10) Enter into agreements (which may extend over any period, notwithstanding any provision or rule of law to the contrary), with an authority respecting action to be taken by such public body pursuant to any of the powers granted by this chapter and if at any time title to, or possession of, any redevelopment project is held by any public body or governmental agency, other than the authority, authorized by law to engage in the undertaking, carrying out or administration of redevelopment projects, including any agency or instrumentality of the United States of America, the provisions of such agreements shall inure to the benefit of and may be enforced by such public body or governmental agency. (b) Any sale, conveyance, lease or agreement provided for in this section may be made by a public body without appraisal, public notice, advertisement or public bidding. 48 Del. Laws, c. 345, §  16;  31 Del. C. 1953, §  4536;
31 DE Code § 4537. (2021)
2021 Delaware Code|Title 31 - Welfare|Chapter 45. Slum Clearance and Redevelopment Authority Law|§ 4537. Grant of funds by community.

§ 4537. Grant of funds by community. Any community located in whole or in part within the area of operation of an authority may grant funds to an authority for the purpose of aiding such authority in carrying out any of its powers and functions under this chapter. To obtain funds for this purpose, the community may levy taxes and may issue and sell its bonds. Any bonds to be issued by the community pursuant to the provisions of this section shall be issued in the manner and within the limitations prescribed by the laws of this State for the issuance and authorization of bonds by a community for any public purpose. 48 Del. Laws, c. 345, §  17;  31 Del. C. 1953, §  4537;
31 DE Code § 4538. (2021)
2021 Delaware Code|Title 31 - Welfare|Chapter 45. Slum Clearance and Redevelopment Authority Law|§ 4538. Cooperation between authorities.

§ 4538. Cooperation between authorities. Any 2 or more authorities may join or cooperate with one another in the exercise if any or all of the powers conferred for the purpose of planning, undertaking or financing a redevelopment project or projects located within the area or areas of operation of any 1 or more of such authorities. When a redevelopment project or projects are planned, undertaken or financed on a regional or unified metropolitan basis, the terms “governing body” and “community” as used in this chapter shall mean the governing bodies of the appropriate communities and the appropriate communities cooperating in the planning, undertaking or financing of such project or projects. 48 Del. Laws, c. 345, §  18;  31 Del. C. 1953, §  4538;
31 DE Code § 4539. (2021)
2021 Delaware Code|Title 31 - Welfare|Chapter 45. Slum Clearance and Redevelopment Authority Law|§ 4539. Annual report.

§ 4539. Annual report. An authority shall at least once a year file with the governing body of the community a report of its activities for the preceding year and shall make any recommendations with reference to any additional legislation or other action that may be necessary in order to carry out this chapter. 48 Del. Laws, c. 345, §  19;  31 Del. C. 1953, §  4539;
31 DE Code § 4540. (2021)
2021 Delaware Code|Title 31 - Welfare|Chapter 45. Slum Clearance and Redevelopment Authority Law|§ 4540. Title of purchaser.

§ 4540. Title of purchaser. Any instrument executed by an authority and purporting to convey any right, title or interest in any property under this chapter shall be conclusive evidence of compliance with this chapter insofar as title or other interest of any bona fide purchasers, lessees or transferees of such property is concerned. 48 Del. Laws, c. 345, §  20;  31 Del. C. 1953, §  4540;
31 DE Code § 4541. (2021)
2021 Delaware Code|Title 31 - Welfare|Chapter 45. Slum Clearance and Redevelopment Authority Law|§ 4541. Preparation of general plan by local governing body.

§ 4541. Preparation of general plan by local governing body. The governing body of any community which is not otherwise authorized to create a planning commission with power to prepare a general plan for the development of the community may prepare such a general plan prior to the initiation and carrying out of a redevelopment project under this chapter. 48 Del. Laws, c. 345, §  21;  31 Del. C. 1953, §  4541;
31 DE Code § 4542. (2021)
2021 Delaware Code|Title 31 - Welfare|Chapter 45. Slum Clearance and Redevelopment Authority Law|§ 4542. Powers conferred as additional.

§ 4542. Powers conferred as additional. The powers conferred by this chapter shall be in addition and supplemental to the powers conferred by any other law. 48 Del. Laws, c. 345, §  24;  31 Del. C. 1953, §  4542;
31 DE Code § 4543. (2021)
2021 Delaware Code|Title 31 - Welfare|Chapter 45. Slum Clearance and Redevelopment Authority Law|§ 4543. Inconsistent provisions.

§ 4543. Inconsistent provisions. Insofar as this chapter is inconsistent with any other law, this chapter shall be controlling. 48 Del. Laws, c. 345, §  23;  31 Del. C. 1953, §  4543;
31 DE Code § 4701. (2021)
2021 Delaware Code|Title 31 - Welfare|Chapter 47. The Delaware Neighborhood Conservation and Land Banking Act|§ 4701. Short title.

§ 4701. Short title. This chapter shall be known and may be cited as the “Delaware Neighborhood Conservation and Land Banking Act.” 80 Del. Laws, c. 155, §  1;
31 DE Code § 4702. (2021)
2021 Delaware Code|Title 31 - Welfare|Chapter 47. The Delaware Neighborhood Conservation and Land Banking Act|§ 4702. Legislative findings and purpose.

§ 4702. Legislative findings and purpose. The General Assembly finds and declares as follows:  (1) Delaware's communities are important to the social and economic vitality of Delaware. Whether urban, suburban, or rural, many Delaware communities are struggling to cope with unoccupied properties or properties incapable of lawful occupation. These vacant and abandoned properties represent lost revenue to local governments and significant expenses associated with demolition, safety hazards, increased calls for emergency services, and deterioration of neighborhoods. (2) The need exists to strengthen and revitalize Delaware's economy and address the associated harms that result from high numbers of vacant and abandoned properties. Solving these problems requires a coordinated effort to foster the development of such property back into productive use and promote economic growth. Such problems may include multiple taxing jurisdictions lacking common policies; ineffective property inspection; code enforcement and property rehabilitation support; lengthy or inadequate collection proceedings; depressed real estate markets; and lack of coordination and resources to support economic revitalization. (3) There is an overriding public need to confront the problems caused by vacant, abandoned, and delinquent properties through the creation of new tools to be available to communities throughout Delaware enabling them to turn vacant spaces into vibrant places. (4) Land banks are one of the tools currently utilized by other communities to facilitate the return of vacant, abandoned and delinquent properties to productive use. This chapter enables the creation of land banks in order to return dilapidated and blighted properties to productive use in Delaware.80 Del. Laws, c. 155, §  1;
31 DE Code § 4703. (2021)
2021 Delaware Code|Title 31 - Welfare|Chapter 47. The Delaware Neighborhood Conservation and Land Banking Act|§ 4703. Definitions.

§ 4703. Definitions. The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise:  (1) “Board of directors” or “board” means the board of directors of the land bank. (2) “Foreclosing governmental unit” means any political subdivision of the State of Delaware, where such political subdivision has the power to cause the sale of real property located within its respective jurisdiction for the collection of liens inuring to that political subdivision. (3) “Land bank” means a land bank established under this chapter and in accordance with the provisions of this chapter. (4) “Large jurisdictional land bank” means a land bank established under this chapter and in accordance with the provisions of this chapter that serves one of the following:  a. An entire county. b. A foreclosing governmental unit, or a combination of foreclosing governmental units that have formed a single land bank by intergovernmental agreement pursuant to § 4705(b) of this title, that in total covers an area with a population in excess of 30,000 persons. (5) “Liens” means any lien set forth in § 2901(a)(1) of Title 25. (6) “Vacancy rate” means the percentage of residential structures that have been uninhabited for 6 months or more within a given jurisdiction.80 Del. Laws, c. 155, §  1;
31 DE Code § 4704. (2021)
2021 Delaware Code|Title 31 - Welfare|Chapter 47. The Delaware Neighborhood Conservation and Land Banking Act|§ 4704. Applicability of Delaware law.

§ 4704. Applicability of Delaware law. (a) This chapter shall apply only to any land bank created pursuant to this chapter. (b) Chapters 94 and 95 of Title 29 shall not apply to any land bank created pursuant to this chapter. (c) If any provision of this chapter conflicts with any other provisions of Delaware law, the provisions of this chapter shall prevail. 80 Del. Laws, c. 155, §  1;
31 DE Code § 4705. (2021)
2021 Delaware Code|Title 31 - Welfare|Chapter 47. The Delaware Neighborhood Conservation and Land Banking Act|§ 4705. Creation and existence.

§ 4705. Creation and existence. (a) A foreclosing governmental unit may create a land bank by the adoption of a local law, ordinance, or resolution, as appropriate to such foreclosing governmental unit. The foreclosing governmental unit, prior to the adoption of a local law, ordinance, or resolution creating a land bank, must make a finding that residential structures within its jurisdiction have a vacancy rate at or above 3%. Each county in this State shall have the ability to create a land bank without making such a finding. The local law, ordinance, or resolution creating the land bank shall specify all of the following:  (1) The name of the land bank. (2) The number of members of the board of directors, which shall consist of an odd number of members, and shall be not less than 7 members. For large jurisdictional land banks, the board of directors shall consist of an odd number of members and shall not be less than 11 members nor more than 15 members. (3) The names of the initial individuals to serve as members of the board of directors, and the length of terms for which they are to serve. (4) The qualifications, manner of selection or appointment, and terms of office of members of the board of directors. (b) Two or more foreclosing governmental units may enter into an intergovernmental cooperation agreement which creates a single land bank to act on behalf of such foreclosing governmental units, which agreement shall be authorized by each of the respective foreclosing governmental units in accordance with subsection (a) of this section. Such intergovernmental agreement shall include provisions for the dissolution of such land bank. In the event that a land bank is created pursuant to an agreement in accordance with this subsection, such agreement shall also specify the matters identified in subsection (a) of this section. (c) In the event a county creates a land bank, such land bank shall have the power to acquire real property only in those portions of such county located outside of the geographical boundaries of any other land bank created by any other foreclosing governmental unit located partially or entirely within such county. 80 Del. Laws, c. 155, §  1;
31 DE Code § 4707. (2021)
2021 Delaware Code|Title 31 - Welfare|Chapter 47. The Delaware Neighborhood Conservation and Land Banking Act|§ 4707. Staff.

§ 4707. Staff. A land bank may employ a secretary, an executive director, its own counsel and legal staff, technical experts, and such other agents and employees, permanent or temporary, as it may require, and may determine the qualifications and fix the compensation and benefits of such persons. A land bank may also enter into contracts and agreements with foreclosing governmental units or nonprofit entities designated by the foreclosing governmental unit for staffing services to be provided to the land bank by those foreclosing governmental units, designated nonprofit entities or departments thereof, or for a land bank to provide such staffing services to such foreclosing governmental units, designated nonprofit entities, or departments thereof. 80 Del. Laws, c. 155, §  1;
31 DE Code § 4708. (2021)
2021 Delaware Code|Title 31 - Welfare|Chapter 47. The Delaware Neighborhood Conservation and Land Banking Act|§ 4708. Powers.

§ 4708. Powers. A land bank shall possess all powers necessary or appropriate to carry out and effectuate the purposes and provisions of this chapter, including the following powers in addition to those herein otherwise granted:  (1) To adopt, amend, and repeal bylaws for the regulation of its affairs and the conduct of its business. (2) To sue and be sued in its own name and plead and be interpleaded in all civil actions, including actions to clear title to property of the land bank. (3) To adopt a seal and to alter the same at pleasure. (4) To borrow from private lenders, from municipalities, from a county, from the State, or from federal government funds, as may be necessary, for the operation and work of the land bank. (5) To borrow and issue bonds according to the provisions of this chapter. (6) To procure insurance or guarantees from municipalities, counties, the State, or the federal government of the payments of any debts or parts thereof incurred by the land bank and to pay premiums in connection therewith. (7) To enter into contracts and other instruments necessary, incidental, or convenient to the performance of its duties and the exercise of its powers, including intergovernmental agreements provided for in § 4705(b) of this title for the joint exercise of powers under this chapter. (8) To make and execute contracts and other instruments necessary or convenient to the exercise of the powers of the land bank. (9) To procure insurance against losses in connection with the real property, assets, or activities of the land bank. (10) To invest money of the land bank, at the discretion of the board of directors, in instruments, obligations, securities, or property determined proper by the board of directors, and name and use depositories for its money. (11) To enter into contracts for the acquisition, management, collection of rent, leasing, or sale of real property of the land bank. (12) To design, develop, construct, demolish, reconstruct, rehabilitate, renovate, relocate, and otherwise improve real property or rights or interests in real property. (13) To fix, charge, and collect rents, fees, and charges for the use of real property of the land bank and for services provided by the land bank. (14) To grant or acquire a license, easement, lease, or option with respect to real property of the land bank. (15) To enter into partnership, joint ventures, and other collaborative relationships with foreclosing governmental units and other public and private entities for the ownership, management, development, and disposition of real property. (16) To solicit and accept donations to support the objectives and purposes of the land bank. (17) To do all other things necessary or convenient to achieve the objectives and purposes of the land bank or other laws that relate to the purposes and responsibility of the land bank.80 Del. Laws, c. 155, §  1;