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This entry was published on 2014-09-22
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Housing trust fund account
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 3
§ 59-a. Housing trust fund account. The housing trust fund corporation
created by section forty-five-a of this chapter shall create and
establish a special account to be known as the housing trust fund
account and shall pay into such account any moneys which may be made
available to such corporation for the purposes of such account from any
source including but not limited to moneys appropriated by and made
available pursuant to appropriation by the state and any income or
interest earned by, or increment to, the account due to the investment
thereof or loans made pursuant to article eighteen of this chapter. The
moneys held in or credited to the housing trust fund account established
under this section shall be expended solely to carry out the provisions
of article eighteen of this chapter.