New York § 154 Control of rentals on authority projects

New York Statutes

§ 154 — Control of rentals on authority projects

New York·Law PBG Public Housing·Art. 8 Provisions Relating to Approval, Construction, Management and Operation of Projects

  § 154. Control of rentals on authority projects.  Subject to the terms\nof any loan or subsidy contract with a government, the power to fix\nrents on a project shall rest exclusively with the authority. But\nnothing in this chapter shall prevent an authority or municipality from\nestablishing, in addition to all other operation and depreciation\nreserve funds, a reserve fund, or funds which may be applied in aid of\nthe construction, operation or maintenance of other projects of such\nauthority or municipality.\n

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§ 154. Control of rentals on authority projects. Subject to the terms\nof any loan or subsidy contract with a government, the power to fix\nrents on a project shall rest exclusively with the authority. But\nnothing in this chapter shall prevent an authority or municipality from\nestablishing, in addition to all other operation and depreciation\nreserve funds, a reserve fund, or funds which may be applied in aid of\nthe construction, operation or maintenance of other projects of such\nauthority or municipality.\n

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