Sec. 8. (a) For purposes of administering an approved redevelopment plan, a qualified entity is designated as a redevelopment agency to apply for and receive:

(1) grants under Title 1 of the Housing Act of 1949 (42 U.S.C. § 1452b et seq.), as amended; and

(2) all available federal grants that are available for the project area.

     (b) If a qualified entity:

(1) acquired before March 4, 1961, from a redevelopment commission all or part of lands included within a redevelopment project that was undertaken before March 4, 1961, by a redevelopment commission under IC 36-7; and

(2) has redeveloped the lands described in subdivision (1) for educational purposes;

the qualified entity is designated the redevelopment agency to receive grants under Title 1 of the Housing Act of 1949 (42 U.S.C. § 1452b et seq.), as amended, for the project area. The qualified entity is also eligible to receive all other federal grants that are available for the project area.

     (c) To obtain federal cooperation and any available federal grants, qualified entities may enter into agreements with the federal government or the appropriate agency of the federal government.

[Pre-2007 Higher Education Recodification Citation: 20-12-15-5.]

As added by P.L.2-2007, SEC.258.