2015 New York Laws
RSS - Retirement & Social Security
Article 4-A - (Retirement & Social Security) INVESTMENTS OF PUBLIC PENSION FUNDS
177-A - Investment in certain conventional mortgages.

NY Ret & SS L § 177-A (2015) 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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