Section 59-A. Housing trust fund account  


Latest version.
  • The housing trust fund corporation
      created  by  section  forty-five-a  of  this  chapter  shall  create and
      establish a special account to  be  known  as  the  housing  trust  fund
      account  and  shall  pay  into such account any moneys which may be made
      available to such corporation for the purposes of such account from  any
      source  including  but  not  limited  to moneys appropriated by and made
      available pursuant to appropriation by  the  state  and  any  income  or
      interest  earned  by, or increment to, the account due to the investment
      thereof or loans made pursuant to article eighteen of this chapter.  The
      moneys held in or credited to the housing trust fund account established
      under  this section shall be expended solely to carry out the provisions
      of article eighteen of this chapter.