ยง 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.
Structure New York Laws
Article 2 - Local Indebtedness
Title 11 - Power to Contract Indebtedness for Housing Purposes and Limitations Thereon
150.00 - Two per Centum Limitation on Housing or Urban Renewal Indebtedness.
151.00 - Contents of Statement of Housing and Urban Renewal Indebtedness.
152.00 - Deductions for Self-Liquidating Housing Projects.
153.00 - Authorization for Municipality to Assign for Collateral or Pledge Its Mortgage Interest.
154.00 - Disposition of Proceeds Resulting From the Satisfaction of Certain Mortgages.