§ 513 — Findings by the commissioner

§ 513. Findings by the commissioner. 1. No loan, subsidy or grant\nshall be made by the state for an urban renewal program unless the\ncommissioner shall find that:\n (a) the municipality or agency, as the case may be, has entered into a\ncontract to receive capital grants, or loans and grants, from the\nfederal government under which the municipality is obligated to make\nlocal grants-in-aid, or the governing body has found that such federal\nfinancial assistance is not necessary for the undertaking and successful\ncompletion of the program;\n (b) in the case of a state loan, the state loan for which application\nis made will not exceed one-half of such local grants-in-aid;\n (c) in the case of a state capital grant, the state capital grant for\nwhich application is made will not exceed one-half of the municipality's\nshare of the net project cost, or, if the municipality has not applied\nto or entered into a contract with the federal government for advances,\nloans or grants for a specific project, such grant shall not in any\nevent exceed five hundred thousand dollars ($500,000);\n (d) adequate provision has been made in a relocation program to\nprovide housing for the persons and families to be displaced by the\nurban renewal program;\n (e) such program is in conformity with a plan or undertaking for the\nclearance, replanning, reconstruction and rehabilitation of substandard\nand insanitary areas and for recreational and other facilities\nincidental or appurtenant thereto, and\n (f) the estimated funds available to the municipality or agency, as\nthe case may be, including any federal loans and grants for the urban\nrenewal program, the local grants-in-aid and the state loan or capital\ngrant will be sufficient to cover all probable costs of the program.\n 2. Such findings shall be conclusive evidence of the facts therein\ncontained except upon proof of fraud or willful misfeasance by the\ncommissioner.\n