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2013 New York Consolidated Laws
PVH - Private Housing Finance
Article 5 - (100 - 128) REDEVELOPMENT COMPANIES
110 - Income debentures.


NY Priv Hous Fin L § 110 (2012) What's This?
 
    § 110. Income debentures. With the approval of the supervising agency,
  the   certificate  creating  a  redevelopment  company,  or  an  amended
  certificate, may authorize the issuance of income debenture certificates
  bearing no greater interest than six per centum per annum.  Such  income
  debenture  certificates  and  any instrument under which they are issued
  may contain such other provisions, including provision for  amortization
  by  serial  maturities,  through  the  operation  of  a  sinking fund or
  otherwise, as may be approved by the supervising agency.

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