(a) (1) An industrial development authority may assign, transfer, lease, convey, grant, or donate to the United States Government or to the appropriate agency of the United States Government any or all of the property of the industrial development authority for use by the United States Government or the appropriate agency of the United States Government, for any purpose included within the purposes of this chapter.(2) An assignment, transfer, lease, conveyance, grant, or donation under subdivision (a)(1) of this section shall not be made that would constitute an impairment of the covenants and obligations of an industrial development authority in connection with bonds or other certificates of indebtedness issued and outstanding by the industrial development authority or that would constitute an event of default under any indenture or similar instrument securing any indebtedness of an industrial development authority.(3) Any assignment, transfer, lease, conveyance, grant, or donation, subject to the limitations specified, shall be upon such terms as the industrial development authority involved may deem advisable.
(1) An industrial development authority may assign, transfer, lease, convey, grant, or donate to the United States Government or to the appropriate agency of the United States Government any or all of the property of the industrial development authority for use by the United States Government or the appropriate agency of the United States Government, for any purpose included within the purposes of this chapter.
(2) An assignment, transfer, lease, conveyance, grant, or donation under subdivision (a)(1) of this section shall not be made that would constitute an impairment of the covenants and obligations of an industrial development authority in connection with bonds or other certificates of indebtedness issued and outstanding by the industrial development authority or that would constitute an event of default under any indenture or similar instrument securing any indebtedness of an industrial development authority.
(3) Any assignment, transfer, lease, conveyance, grant, or donation, subject to the limitations specified, shall be upon such terms as the industrial development authority involved may deem advisable.
(b) If the United States Government or the appropriate agency or department of the United States Government should decide to undertake the acquisition, construction, equipment, maintenance, or operation of any of the properties and facilities of an industrial development authority and should decide to acquire the lands and properties necessarily needed in connection with it by condemnation or otherwise, the industrial development authority may transfer and pay over to the United States Government or to the appropriate agency of the United States Government such of the moneys belonging to the industrial development authority as may be reasonably required by the United States Government or the appropriate agency of the United States Government to meet and pay the amount of judgments in condemnation proceedings as may be rendered from time to time against the United States Government or the appropriate agency of the United States Government or as may be reasonably necessary to permit the United States Government or the appropriate agency of the United States Government to acquire and become possessed of such lands and properties as are reasonably required for the acquisition, construction, and use of the properties and facilities referred to in this section.