New York City Housing Development Corporation | Midpage

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New York Consolidated Laws

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New York City Housing Development Corporation

650Short title 651Statement of legislative findings and purpose 652Definitions 653New York city housing development corporation 654Powers of the corporation 654-ASubsidiaries; how created 654-BHousing assistance corporation 654-CHousing New York corporation 654-DResidential mortgage insurance corporation 655Notes and bonds of the corporation 655-AAuthorization of contracts for taxation by the United States of interest on obligations guaranteed thereby 656Reserve funds and appropriations 657Agreement with the state 658State and city not liable on notes and bonds 659City's right to require redemption of bonds 660Remedies of noteholders and bondholders 661Assistance to the corporation 662Notes and bonds as legal investments 663Exemption from taxation 664Employees of the corporation 665Assistance by department of housing preservation and development 666Moneys of the corporation 667Actions 668Annual report 669Article not affected if in part unconstitutional 670Inconsistent provisions in other laws superseded