Section 59-H. Manufactured home cooperative fund  


Latest version.
  • The agency shall create
      and establish a special fund  to  be  known  as  the  manufactured  home
      cooperative  fund  and  shall pay into such fund any moneys which may be
      made available to such agency for the purposes of  such  fund  from  any
      source  including  but  not  limited  to moneys appropriated by and made
      available pursuant  to  appropriation  by  the  state,  civil  penalties
      imposed pursuant to subdivision v of section two hundred thirty-three of
      the  real  property  law  and  any income or loan repayments or interest
      earned by, or increment to, the fund due to the  investment  thereof  or
      loans  made  pursuant to article twenty of this chapter. The moneys held
      in or credited to the manufactured  home  cooperative  fund  established
      under  this section shall be expended solely to carry out the provisions
      of article twenty of this chapter.