(1)It is the intent of the general
assembly by the passage of this article to authorize counties and municipalities to
finance, acquire, own, lease, improve, and dispose of properties to the end that such
counties and municipalities may be able to promote industry and develop trade or
other economic activity by inducing profit or nonprofit corporations, federal
governmental offices, hospitals, and agricultural, forestry, fisheries, mining,
construction, manufacturing, transportation, communications, public utilities,
wholesale and retail trade, finance, education, insurance, real estate, technology,
and any related small business enterprises to locate, expand, or remain in this
state, to mitigate the serious threat of extensive unemployment in parts of this
state, to secure and
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(1) It is the intent of the general
assembly by the passage of this article to authorize counties and municipalities to
finance, acquire, own, lease, improve, and dispose of properties to the end that such
counties and municipalities may be able to promote industry and develop trade or
other economic activity by inducing profit or nonprofit corporations, federal
governmental offices, hospitals, and agricultural, forestry, fisheries, mining,
construction, manufacturing, transportation, communications, public utilities,
wholesale and retail trade, finance, education, insurance, real estate, technology,
and any related small business enterprises to locate, expand, or remain in this
state, to mitigate the serious threat of extensive unemployment in parts of this
state, to secure and maintain a balanced and stable economy in all parts of this
state, or to further the use of its agricultural products or natural resources.
(2) It is the further intent of the general assembly to authorize counties and
municipalities to finance, refinance, acquire, own, lease, improve, and dispose of
properties to the end that pollution may be ameliorated and controlled, more
adequate hospital care may be provided, more adequate residential housing
facilities for low- and middle-income families and persons may be provided, more
adequate facilities for disposing of sewage and solid waste and furnishing water,
energy, and gas may be provided, more adequate facilities for sports events and
activities and recreation activities, conventions, and trade shows may be provided,
more adequate airports, mass commuting facilities, parking facilities, or storage or
training facilities may be provided, and more adequate research, product-testing,
and administrative facilities may be provided, all of which promote the public
health, welfare, safety, convenience, and prosperity.
(3) It is therefore the intention of the general assembly to vest such counties
and municipalities with all powers that may be necessary to enable them to
accomplish such purposes, which powers shall in all respects be exercised for the
benefit of the inhabitants of this state for the promotion of their health, safety,
welfare, convenience, and prosperity.
(4) It is not intended by this article to authorize any county or municipality to
operate any manufacturing, industrial, commercial, or business enterprise, or any
research, product-testing, or administrative facilities of such enterprise, nor to
prohibit the operation of utility plants, residential housing facilities, hospitals,
sewage or solid waste disposal facilities, facilities for the furnishing of water,
energy, or gas, sports and recreation facilities, convention or trade show facilities,
airports, mass commuting facilities, parking facilities, or storage or training
facilities by any county or municipality.
(5) This article shall be liberally construed in conformity with this legislative
declaration.