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This entry was published on 2014-09-22
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SECTION 507
Condemnation certificate of commissioner
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 9
§ 507. Condemnation certificate of commissioner. The power of
condemnation shall not be exercised by a housing company, except with
the authorization of such action by the commissioner, which
authorization shall be in the form of a certificate declaring that the
acquisition of the property is necessary for the construction of a
project and that the acquisition is in the public interest and necessary
for the public use. Such certificate shall be issued only after a public
hearing. The certificate shall state the nature of the interest to be
acquired.