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2013 New York Consolidated Laws
RSS - Retirement & Social Security
Article 4-A - (176 - 179-A) INVESTMENTS OF PUBLIC PENSION FUNDS
177-A - Investment in certain conventional mortgages.


NY Ret & SS L § 177-A (2012) What's This?
 
    §    177-a.    Investment    in    certain   conventional   mortgages.
  Notwithstanding any provision contained in this  chapter  or  any  other
  general,  special  or  local  law  or  code  to the contrary, within the
  limitations authorized for investment  in  conventional  mortgages,  the
  trustees  of the fund may invest a part of its assets in first mortgages
  on real property located anywhere within the boundaries  of  the  United
  States.

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