Agreement with the state
Source:
Section 657 — Agreement with the state, https://www.nysenate.gov/legislation/laws/PVH/657 (updated Sep. 22, 2014; accessed Jan. 24, 2026).
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Inconsistent provisions in other laws superseded
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Inconsistent provisions in other laws superseded
