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.
Last modified: February 3, 2019