The authority may dispose of any property acquired by it on terms and conditions considered appropriate. The authority is not required to advertise property or take bids thereon.
HISTORY: 1983 Act No. 145 Section 24; 1992 Act No. 404, Section 9, eff July 1, 1992.
Effect of Amendment
The 1992 amendment in the first sentence deleted "otherwise than with administrative funds" between "it" and "on"; and deleted a sentence providing that in evaluating the consideration received for property or its use the authority must consider nonpecuniary benefits and benefits to the citizenry.
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