New York Public Housing Law Article 4 - STATE AID

• 70 - State Loans.
  The commissioner may, in the name of the state, enter into contracts for loans to an authority or a municipality for one or more projects,...
• 71 - Conditions Precedent to State Loans.
  1. No loan shall be made unless the commissioner finds that: (a) the project is in conformity with a plan or undertaking for the clearance,...
• 72 - Terms and Security for State Loans.
  1. Loans shall be made at the rate of interest paid or to be paid by the state for the funds loaned to the authority...
• 73 - State Subsidies.
  The commissioner may in the name of the state enter into contracts to make periodic subsidies (1) to an authority or a municipality for one...
• 74 - Restrictions on Additional Subsidies.
  No subsidy, in addition to any periodic subsidy originally contracted for in aid of any project or projects, shall be paid by the state to...
• 75 - Restriction on Use of State Aid.
  No state moneys allocated to an authority or a municipality hereunder shall be mingled or commingled with financial aid or assistance from the federal government...
• 76 - Pledge of Subsidy.
  Payments under any contracts for periodic subsidies by the state may be pledged by an authority as security for loans obtained from any source for...
• 76-a - Private Financing.
  To facilitate the enlistment of private capital through the sale by authorities or municipalities of their bonds and other obligations to persons, firms or corporations...

Last modified: February 3, 2019