N.Y. Private Housing Finance Law 59-H – Manufactured home cooperative fund
§ 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 § 233 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.
Terms Used In N.Y. Private Housing Finance Law 59-H
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.