§ 97. Housing debt fund, and urban renewal debt fund. All the moneys
repaid to the state, both principal and interest on account of
advancements made and to be made to cities, towns, villages or public
corporations specified in section two of article eighteen of the state
constitution from proceeds of state bonds sold or to be sold to provide
moneys for low rent housing or urban renewal shall, when received, be
paid into and shall constitute a special fund in the state treasury to
be known as "housing debt fund," or "urban renewal debt fund," as the
case may be. Such fund shall be available only for payment of
appropriations to pay installments of principal of and interest on such
bonds. Appropriations in any year to pay installments of principal of
and interest on any such state bonds shall first be paid from such
special fund, so far as the amount of moneys therein will pay the same,
and the remainder, if any, shall be paid from any other moneys in the
state treasury not otherwise appropriated.