A housing authority is a municipal corporation and has all the powers necessary or convenient for carrying out the purposes of this chapter. However, an authority may not initiate any project under this chapter without:

1. (1) approval of the fiscal body that established the authority; and

2. (2) approval, by ordinance, of a municipality, if:

   1. (A) the project is to be initiated by a county housing authority;
   2. (B) the project is within five (5) miles of the corporate boundaries of the municipality; and

   3. (C) the jurisdiction of the county housing authority has been expanded to include the jurisdiction of the municipality under section 41 of this chapter.

      [Pre-Local Government Recodification Citation: 18-7-11-8 part.]

      As added by Acts 1981, P.L.309, SEC.37.