Legislation

Search OpenLegislation Statutes

The Laws of New York
Consolidated Laws of New York
CHAPTER 44-B
Private Housing Finance
ARTICLE 2
Limited-profit Housing Companies
previous
SECTION 24
Income debentures
up
ARTICLE 2
Limited-profit Housing Companies
next
SECTION 26
Conditions and security for loans
This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
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.