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This entry was published on 2014-09-22
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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.