§ 59-a. Housing trust fund account. The housing trust fund corporation\ncreated by section forty-five-a of this chapter shall create and\nestablish a special account to be known as the housing trust fund\naccount and shall pay into such account any moneys which may be made\navailable to such corporation for the purposes of such account from any\nsource including but not limited to moneys appropriated by and made\navailable pursuant to appropriation by the state and any income or\ninterest earned by, or increment to, the account due to the investment\nthereof or loans made pursuant to article eighteen of this chapter. The\nmoneys held in or credited to the housing trust fund account established\nunder this section shall be expended solely to carry out the provisions\nof article eighteen of this chapter.\n
N.Y. Private Housing Finance Law § 59-a
Housing trust fund account
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.