§ 31-25-907 — Powers of authority to effect purposes specified

(1) To
accomplish the purposes specified in sections 31-25-901 and 31-25-902, authorities
are granted the following additional powers:

(a) To acquire, hold, use, transfer, and convey any real property or any
interest therein, in fee or a leasehold interest, for purposes of initiating projects
involving unconventional gas exploration, production, and development;

(b) To engage in any and all activities respecting the exploration,
development, production, distribution, marketing, and sale of unconventional gas to
any person or public or private entity or for municipal uses;

(c) To issue revenue bonds authorized by action of the governing body,
without the approval of the qualified electors of the municipality, for purposes of
financing the exploration, development, production, distribution, and marketing of
unconventional gas.

Legislative History

Source: L. 80: Entire part added, p. 660, � 1, effective July 1.