Public Health Law § 1167 · Title 4. Drinking Water Revolving Fund
Financial assistance; recipients
Text — Law content up to date as of October 9, 2026, as published by the New York State Senate (Open Legislation)
§ 1167. Financial assistance; recipients. The corporation may provide financial assistance to recipients pursuant to paragraph (a) of subdivision four of section twelve hundred eighty-five-m of the public authorities law from any available moneys in the fund other than the proceeds of the corporation's bonds or notes or moneys needed to comply with subdivision five of section twelve hundred eighty-five-m of the public authorities law if and to the extent the corporation determines that it is unable to, or that it is impractical or inadvisable to, finance all or a portion of the costs of an eligible project from the proceeds of bonds or notes that are special obligations of the corporation.
The interest rate charged on any loan made by the corporation pursuant to this section shall be such interest rate as determined by the corporation (including a zero percent rate of interest), but shall in any event be no more than two-thirds of the market rate of interest otherwise applicable thereto.
Source of truth
- Edition
- Law content up to date as of October 9, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/PBH1167
- Text hash
- sha256 c979587aeffa7b32e94c23166563314a041dba73cd47bc5623df4983817b1e4d
- 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.