Statute · New York Retirement & Social Security Law
N.Y. Retire. & Soc. Sec. Law § 177-a — Investment in certain conventional mortgages
N.Y. Retire. & Soc. Sec. Law § 177-a
- Type
- Statute
- Source
- New York Retirement & Social Security Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 177-a. Investment in certain conventional mortgages. Notwithstanding any provision contained in this chapter or any other general, special or local law or code to the contrary, within the limitations authorized for investment in conventional mortgages, the trustees of the fund may invest a…
Citator
N.Y. Retire. & Soc. Sec. Law § 177-a — Investment in certain conventional mortgages is in force in the current edition of the Code, and nothing recorded condemns it.
§ 177-a. Investment in certain conventional mortgages. Notwithstanding any provision contained in this chapter or any other general, special or local law or code to the contrary, within the limitations authorized for investment in conventional mortgages, the trustees of the fund may invest a part of its assets in first mortgages on real property located anywhere within the boundaries of the United States.