New York Private Housing Finance Law Section 59-E - Infrastructure development fund.

59-e. Infrastructure development fund. The agency shall create and establish a special fund to be known as the "infrastructure development fund" and shall pay into such fund any moneys which may be made available to the corporation 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 and any income or interest earned by, or increment to, the fund due to the investment thereof. The moneys held in or credited to the fund shall be expended solely to carry out the provisions of and to pay expenses associated with article twenty-one of this chapter.


Last modified: February 3, 2019