Section 513. Findings by the commissioner  


Latest version.
  • 1. No loan, subsidy or grant
      shall be made by the state for  an  urban  renewal  program  unless  the
      commissioner shall find that:
        (a) the municipality or agency, as the case may be, has entered into a
      contract  to  receive  capital  grants,  or  loans  and grants, from the
      federal government under which the municipality  is  obligated  to  make
      local  grants-in-aid,  or the governing body has found that such federal
      financial assistance is not necessary for the undertaking and successful
      completion of the program;
        (b) in the case of a state loan, the state loan for which  application
      is made will not exceed one-half of such local grants-in-aid;
        (c)  in the case of a state capital grant, the state capital grant for
      which application is made will not exceed one-half of the municipality's
      share of the net project cost, or, if the municipality has  not  applied
      to  or entered into a contract with the federal government for advances,
      loans or grants for a specific project, such  grant  shall  not  in  any
      event exceed five hundred thousand dollars ($500,000);
        (d)  adequate  provision  has  been  made  in  a relocation program to
      provide housing for the persons and families  to  be  displaced  by  the
      urban renewal program;
        (e)  such  program is in conformity with a plan or undertaking for the
      clearance, replanning, reconstruction and rehabilitation of  substandard
      and   insanitary   areas  and  for  recreational  and  other  facilities
      incidental or appurtenant thereto, and
        (f) the estimated funds available to the municipality  or  agency,  as
      the  case  may  be, including any federal loans and grants for the urban
      renewal program, the local grants-in-aid and the state loan  or  capital
      grant will be sufficient to cover all probable costs of the program.
        2.  Such  findings  shall  be conclusive evidence of the facts therein
      contained except upon proof of  fraud  or  willful  misfeasance  by  the
      commissioner.