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  • SECTION 24
    Income debentures
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  • ARTICLE 2
    Limited-profit Housing Companies
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  • SECTION 26
    Conditions and security for loans
    • This entry was published on 2014-09-22
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    SECTION 25

    Working capital

    Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 2

    § 25. Working capital. The supervising agency or the commissioner, as
    the case may be, may permit stock or income debentures to be issued for
    working capital to be used in connection with such project to an amount
    not exceeding three per centum of the estimated project cost or the
    actual project cost, whichever is larger.