Legislation
SECTION 76
Pledge of subsidy
Public Housing (PBG) CHAPTER 44-A, ARTICLE 4
§ 76. Pledge of subsidy. Payments under any contracts for periodic
subsidies by the state may be pledged by an authority as security for
loans obtained from any source for the project to which such periodic
subsidies relate.
subsidies by the state may be pledged by an authority as security for
loans obtained from any source for the project to which such periodic
subsidies relate.