§599.7. Property
A. An authority may:
(1) Acquire real property or rights or interests in real property, directly or through a
person or governmental entity, by gift, devise, transfer, exchange, foreclosure, purchase, or
otherwise on terms and conditions and in a manner the authority considers proper.
(2) Own property in the authority's name, including tax-foreclosed property and
adjudicated property without clear title.
(3) Sell, lease as lessor, transfer, and dispose of the authority's interest in property.
(4) Procure insurance against loss in connection with the property, assets, or activities
of the authority.
(5) Execute deeds, mortgages, contracts, leases, purchases, or other agreements
regarding the property of the authority.
B. Property purchased, owned, or sold under this Part may not be located outside the
jurisdiction of the local government in which the authority is located.
C.(1) An authority may quiet title or foreclose on a property in which it holds an
interest by:
(a) Conducting an examination of title to determine the identity of any person
possessing a claim or interest in the property.
(b) Filing a complaint to quiet title.
(2) An authority may join a single complaint to quiet title or foreclose on one or more
parcels of real property.
Acts 2025, No. 443, §1.