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This entry was published on 2014-09-22
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Manufactured home cooperative fund
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 3
§ 59-h. Manufactured home cooperative fund. The agency shall create
and establish a special fund to be known as the manufactured home
cooperative fund and shall pay into such fund any moneys which may be
made available to such agency for the purposes of such fund from any
source including but not limited to moneys appropriated by and made
available pursuant to appropriation by the state, civil penalties
imposed pursuant to subdivision v of section two hundred thirty-three of
the real property law and any income or loan repayments or interest
earned by, or increment to, the fund due to the investment thereof or
loans made pursuant to article twenty of this chapter. The moneys held
in or credited to the manufactured home cooperative fund established
under this section shall be expended solely to carry out the provisions
of article twenty of this chapter.