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This entry was published on 2014-09-22
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Turnkey/enhanced housing account
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 3
§ 59-d. Turnkey/enhanced housing account. The housing trust fund
corporation created by section forty-five-a of this article shall create
and establish a special account to be known as the "turnkey/enhanced
housing 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 from the account pursuant to article eighteen-A of
this chapter. The moneys held in or credited to the turnkey/enhanced
housing account established under this section shall be expended solely
to carry out the provisions of and to pay expenses associated with
article eighteen-A of this chapter.