New York § 110 Income debentures

New York Statutes

§ 110 — Income debentures

New York § 110

Law PVHPrivate Housing Finance

Art. 5Redevelopment Companies

This text of New York § 110 (Income debentures) 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. Private Housing Finance § 110 (2026).

Text

  § 110. Income debentures. With the approval of the supervising agency,\nthe certificate creating a redevelopment company, or an amended\ncertificate, may authorize the issuance of income debenture certificates\nbearing no greater interest than six per centum per annum. Such income\ndebenture certificates and any instrument under which they are issued\nmay contain such other provisions, including provision for amortization\nby serial maturities, through the operation of a sinking fund or\notherwise, as may be approved by the supervising agency.\n

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§ 110. Income debentures. With the approval of the supervising agency,\nthe certificate creating a redevelopment company, or an amended\ncertificate, may authorize the issuance of income debenture certificates\nbearing no greater interest than six per centum per annum. Such income\ndebenture certificates and any instrument under which they are issued\nmay contain such other provisions, including provision for amortization\nby serial maturities, through the operation of a sinking fund or\notherwise, as may be approved by the supervising agency.\n