§ 74 — Restrictions on additional subsidies

§ 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