New York Statutes

§ 25 — Working capital

New York·Law PVH Private Housing Finance·Art. 2 Limited-profit Housing Companies
§ 25. Working capital. The supervising agency or the commissioner, as\nthe case may be, may permit stock or income debentures to be issued for\nworking capital to be used in connection with such project to an amount\nnot exceeding three per centum of the estimated project cost or the\nactual project cost, whichever is larger.\n

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