§ 59-e. Infrastructure development fund. The agency shall create and\nestablish a special fund to be known as the "infrastructure development\nfund" and shall pay into such fund any moneys which may be made\navailable to the corporation for the purposes of such fund 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 fund due to the investment\nthereof. The moneys held in or credited to the fund shall be expended\nsolely to carry out the provisions of and to pay expenses associated\nwith article twenty-one of this chapter.\n
N.Y. Private Housing Finance Law § 59-e
Infrastructure development fund
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.