General Municipal Law 503-B — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 503-A Cooperation with agencies up ARTICLE 15 Urban Renewal next SECTION 504 Site designation Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 503-B Transfer of projects General Municipal (GMU) CHAPTER 24, ARTICLE 15 § 503-b. Transfer of projects. Notwithstanding any provision of this article, or of any general, special or local law or charter to the contrary, a municipality may, upon the establishment of a municipal urban renewal agency pursuant to the provisions of article fifteen-A of this chapter, convey, assign, grant or otherwise transfer all of its right, title and interest in any urban renewal program, or part thereof, and any right, title and interest in or to any real or personal property, contract, claim or other interest acquired or held by it in connection with such program, or part thereof, to such agency, with or without consideration, as it may determine.