Laws of New York (Last Updated: November 21, 2014) |
PBG Public Housing |
Article 3. MUNICIPAL HOUSING AUTHORITIES |
Section 45. Repurchase of authority bonds
Latest version.
-
An authority shall have power to purchase any bonds issued by it for the purpose of retirement or investment. An authority shall not purchase such bonds at a price in excess of the face value thereof plus a premium of four per centum. All bonds purchased for the purpose of retirement shall be cancelled.