Local Finance Law § 153.00 · Title 11. Power to Contract Indebtedness For Housing Purposes and Limitations Thereon
Authorization for municipality to assign for collateral or pledge its mortgage interest
Verbatim from the official edition
Text — Law content up to date as of September 4, 2026, as published by the New York State Senate (Open Legislation)
§ 153.00 Authorization for municipality to assign for collateral or pledge its mortgage interest. Any municipality shall be authorized to assign for collateral or pledge as security for any of its bonds, notes or other obligations its mortgage interest in a project constructed pursuant to article two of the private housing finance law to the state or to any political subdivision thereof.
Source of truth
- Edition
- Law content up to date as of September 4, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/LFN153.00
- Text hash
- sha256 ede13144d1ef30ff8f389066fe3c0afabb656aee934f187ac7191264357c0ee5
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.