There is a newer version
of
the New York Laws
2020 New York Laws
PBG - Public Housing
Article 3 - Municipal Housing Authorities
45 - Repurchase of Authority Bonds.
Universal Citation: NY Pub Hsg L § 45 (2020)
§ 45. Repurchase of authority bonds. An authority shall have power to purchase any bonds issued by it for the purpose of retirement or investment. An authority shall not purchase such bonds at a price in excess of the face value thereof plus a premium of four per centum. All bonds purchased for the purpose of retirement shall be cancelled.
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