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This entry was published on 2014-09-22
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SECTION 153.00
Authorization for municipality to assign for collateral or pledge its mortgage interest
Local Finance (LFN) CHAPTER 33-A, ARTICLE 2, TITLE 11
§ 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.