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2013 New York Consolidated Laws
PVH - Private Housing Finance
Article 3 - (40 - 62) NEW YORK STATE HOUSING FINANCE AGENCY
59-B - Affordable housing development account.


NY Priv Hous Fin L § 59-B (2012) What's This?
 
    § 59-b. Affordable housing development account. The affordable housing
  corporation created by section forty-five-b of this chapter shall create
  and  establish  a  special account to be known as the affordable housing
  development account and shall pay into such account any moneys which may
  be made available to such corporation for the purposes of  such  account
  from  any source including but not limited to moneys appropriated by and
  made available pursuant to appropriation by the state and any income  or
  interest  earned  by, or increment to, the account due to the investment
  thereof or loans made pursuant to article nineteen of this chapter.  The
  moneys held in or credited to the affordable housing development account
  established under this section shall be expended solely to carry out the
  provisions of article nineteen of this chapter.

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