Joint project housing
111(1)A municipality may enter into an agreement with the Province respecting joint projects for the acquisition and development of land for housing purposes and for the construction of houses for sale or rent.
111(2)A municipality may enter into an agreement with Canada for the clearance, replanning, rehabilitation and modernization of blighted or substandard areas as provided for under the
National Housing Act (Canada).
111(3)The Lieutenant-Governor in Council may authorize a municipality that has entered into an agreement under subsection (1) or (2) to do all things to effect the agreement, and without restricting the generality of the foregoing, may authorize the municipality
(a)
to borrow upon its credit any money required to effect the agreement,
(b)
to obtain capital funds under the
Municipal Capital Borrowing Act, and
(c)
to furnish any municipal services necessary for the project.
111(4)This section applies with the necessary modifications to a rural community.
1966, c.20, s.111; 2003, c.27, s.51; 2005, c.7, s.49