§ 76. Pledge of subsidy. Payments under any contracts for periodic\nsubsidies by the state may be pledged by an authority as security for\nloans obtained from any source for the project to which such periodic\nsubsidies relate.\n
N.Y. Public Housing Law § 76
Pledge of subsidy
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.