Statute · New York Private Housing Finance Law
N.Y. Priv. Hous. Fin. Law § 25 — Working capital
N.Y. Priv. Hous. Fin. Law § 25
- Type
- Statute
- Source
- New York Private Housing Finance Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 25. Working capital. The supervising agency or the commissioner, as the case may be, may permit stock or income debentures to be issued for working capital to be used in connection with such project to an amount not exceeding three per centum of the estimated project cost or the actual project…
Citator
N.Y. Priv. Hous. Fin. Law § 25 — Working capital is in force in the current edition of the Code, and nothing recorded condemns it.
§ 25. Working capital. The supervising agency or the commissioner, as the case may be, may permit stock or income debentures to be issued for working capital to be used in connection with such project to an amount not exceeding three per centum of the estimated project cost or the actual project cost, whichever is larger.