Statutes, codes, and regulations
Consolidated Laws of New York
Chapter - LOCAL FINANCEArticle 2 - 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

N.Y. Local Fin. Law § 153.00

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Current through 2024 NY Law Chapter 553
Section 153.00 - Authorization for municipality to assign for collateral or pledge its mortgage interest

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.

N.Y. Local Fin. Law § 153.00