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N.Y. Private Housing Finance Law § 59-d

Turnkey/enhanced housing account

2014-09-22

§ 59-d. Turnkey/enhanced housing account. The housing trust fund\ncorporation created by section forty-five-a of this article shall create\nand establish a special account to be known as the "turnkey/enhanced\nhousing account" and shall pay into such account any moneys which may be\nmade available to such corporation for the purposes of such account from\nany source 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 from the account pursuant to article eighteen-A of\nthis chapter. The moneys held in or credited to the turnkey/enhanced\nhousing account established under this section shall be expended solely\nto carry out the provisions of and to pay expenses associated with\narticle eighteen-A of this chapter.\n

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.