Section 33400 Of Article 8. Property Management From California Health And Safety Code >> Division 24. >> Part 1. >> Chapter 4. >> Article 8.

. Within the survey area or for purposes of redevelopment an agency may:
  (a) Insure or provide for the insurance of any real or personal property of the agency against risks or hazards.
  (b) Rent, maintain, manage, operate, repair, and clear such real property.