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  • SECTION 94
    Authorization to make subsidies
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  • ARTICLE 5
    Municipal Aid
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  • SECTION 96
    Administrative expenses of authority
    • This entry was published on 2014-09-22
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    SECTION 95

    Authorization to guarantee

    Public Housing (PBG) CHAPTER 44-A, ARTICLE 5

    § 95. Authorization to guarantee. A municipality is authorized to
    guarantee for a period not exceeding the probable life of a project, the
    principal of and interest on, or only the interest on, indebtedness
    contracted by an authority operating within the territorial limits of
    such municipality in connection with such project.