New York § 74 Restrictions on additional subsidies

New York Statutes

§ 74 — Restrictions on additional subsidies

New York § 74

Law PBGPublic Housing

Art. 4State Aid

This text of New York § 74 (Restrictions on additional subsidies) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Public Housing § 74 (2026).

Text

  § 74. Restrictions on additional subsidies.  No subsidy, in addition\nto any periodic subsidy originally contracted for in aid of any project\nor projects, shall be paid by the state to a municipality or authority,\nacting as an instrumentality thereof, for the purpose of enabling such\nmunicipality or authority to remedy an actual default or avoid an\nimpending default in the payment of principal or interest on any loan\nwhich has been theretofore made by the state to such municipality or\nauthority pursuant to this chapter.\n

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§ 74. Restrictions on additional subsidies. No subsidy, in addition\nto any periodic subsidy originally contracted for in aid of any project\nor projects, shall be paid by the state to a municipality or authority,\nacting as an instrumentality thereof, for the purpose of enabling such\nmunicipality or authority to remedy an actual default or avoid an\nimpending default in the payment of principal or interest on any loan\nwhich has been theretofore made by the state to such municipality or\nauthority pursuant to this chapter.\n

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Bluebook (online)

New York § 74, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/PBG/74.