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Article 12
New York City Housing Development Corporation

Sections

650
Short title
651
Statement of legislative findings and purpose
652
Definitions
653
New York city housing development corporation
654
Powers of the corporation
654‑A
Subsidiaries
654‑B
Housing assistance corporation
654‑C
Housing New York corporation
654‑D
Residential mortgage insurance corporation
655
Notes and bonds of the corporation
655‑A
Authorization of contracts for taxation by the United States of interest on obligations guaranteed thereby
656
Reserve funds and appropriations
657
Agreement with the state
658
State and city not liable on notes and bonds
659
City's right to require redemption of bonds
660
Remedies of noteholders and bondholders
661
Assistance to the corporation
662
Notes and bonds as legal investments
663
Exemption from taxation
664
Employees of the corporation
665
Assistance by department of housing preservation and development
666
Moneys of the corporation
667
Actions
668
Annual report
669
Article not affected if in part unconstitutional
670
Inconsistent provisions in other laws superseded
 



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Location: https://newyork.public.law/laws/n.y._private_housing_finance_law_article_12

Blank Outline Levels

The legislature occasionally skips outline levels. For example:

(3) A person may apply [...]
(4)(a) A person petitioning for relief [...]

In this example, (3), (4), and (4)(a) are all outline levels, but (4) was omitted by its authors. It's only implied. This presents an interesting challenge when laying out the text. We've decided to display a blank section with this note, in order to aide readability.

Trust but verify.

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