Statute · New York Local Finance Law
N.Y. Local Fin. Law § 153.00 — Authorization for municipality to assign for collateral or pledge its mortgage interest
N.Y. Local Fin. Law § 153.00
- Type
- Statute
- Source
- New York Local Finance Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 153.00 Authorization for municipality to assign for collateral or pledge its mortgage interest. Any municipality shall be authorized to assign for collateral or pledge as security for any of its bonds, notes or other obligations its mortgage interest in a project constructed pursuant to…
Citator
N.Y. Local Fin. Law § 153.00 — Authorization for municipality to assign for collateral or pledge its mortgage interest is in force in the current edition of the Code, and nothing recorded condemns it.
§ 153.00 Authorization for municipality to assign for collateral or pledge its mortgage interest. Any municipality shall be authorized to assign for collateral or pledge as security for any of its bonds, notes or other obligations its mortgage interest in a project constructed pursuant to article two of the private housing finance law to the state or to any political subdivision thereof.