290.032  Policy and purpose.--It is the policy of this state to provide the necessary means to preserve and improve the health and vitality of its established communities by enabling them to restore and expand their commercial and industrial base and to reverse the deterioration of their residential and public-facility assets. The purpose of this act is to assist community development corporations in undertaking projects, in concert with state and local government and private enterprise, designed to create and maintain a sound industrial base, to revitalize the health of established commercial areas, to promote employment opportunities, to preserve and rehabilitate existing residential neighborhoods, and to provide safe, decent, affordable housing for residents of these areas. The Legislature, therefore, declares that the development, redevelopment, preservation, restoration, and revitalization of such communities and all the purposes of this act are public purposes for which public money may be used. This section shall stand repealed on June 30, 1998.

History.--s. 3, ch. 80-250; s. 8, ch. 91-262.