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2012 New York Consolidated Laws
PVH - Private Housing Finance
Article 9 - (500 - 508) ACQUISITION OF PROPERTY
507 - Condemnation certificate of commissioner.


NY Priv Hous Fin L § 507 (2012) What's This?
 
    §   507.  Condemnation  certificate  of  commissioner.  The  power  of
  condemnation shall not be exercised by a housing  company,  except  with
  the   authorization   of   such   action   by  the  commissioner,  which
  authorization shall be in the form of a certificate declaring  that  the
  acquisition  of  the  property  is  necessary  for the construction of a
  project and that the acquisition is in the public interest and necessary
  for the public use. Such certificate shall be issued only after a public
  hearing. The certificate shall state the nature of the  interest  to  be
  acquired.

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