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This entry was published on 2014-09-22
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Authorization to make loans
Public Housing (PBG) CHAPTER 44-A, ARTICLE 5
§ 93. Authorization to make loans. A municipality is authorized to
make or contract to make loans to an authority and to any housing
company operating within the territorial limits of such municipality.
Loans to housing companies shall not be greater in amount than
seventy-five per centum of the project cost.