PocketLaw | New York Laws | Part 1

Part 1

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Short Title.

Legislative Findings.

Definitions.

State of New York Mortgage Agency.

Powers of the Agency.

Purchase of Existing Mortgages.

Education Loans.

Purchase of Forward Commitment Mortgages.

Purchase of New Housing Loans.

Lease-to-Own Program.

Purchase of Employer Assisted Forward Commitment Mortgages.

New York State Community Restoration Fund.

Bonds and Notes of the Agency.

Bond Limits.

Reserve Funds and Appropriations.

Remedies of Bondholders and Noteholders.

State and Municipalities Not Liable on Bonds, Notes or Insurance Commitments or Contracts or Development Corporation Credit Support.

Agreement of the State.

Property and Income.

Exemption From Taxation of Bonds and Notes and Insurance Commitments and Loans.

Bonds and Notes as Legal Investments for Public Officers and Fiduciaries.

Moneys of the Agency.

Actions.

Limitation of Liability.

Assistance by State Officers, Departments, Boards and Commissions; Transfer of Officers and Employees.

Annual Report.

Additional Reports.

Court Proceedings; Preferences; Venue.

Validity.

Inconsistent Provisions of Other Laws Superseded.

Construction.

Separability.