Laws of New York (Last Updated: November 21, 2014) |
LFN Local Finance |
Article II. LOCAL INDEBTEDNESS |
Title 11. POWER TO CONTRACT INDEBTEDNESS FOR HOUSING PURPOSES AND LIMITATIONS THEREON |
Section 153.00. Authorization for municipality to assign for collateral or pledge its mortgage interest
Latest version.
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Any municipality shall be authorized to assign for collateral or pledge as security for any of its bonds, notes or other obligations its mortgage interest in a project constructed pursuant to article two of the private housing finance law to the state or to any political subdivision thereof.