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N.Y. Public Housing Law § 45

Repurchase of authority bonds

New York · New York Public Housing Law · Status: effective · Effective 2014-09-22

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N.Y. Public Housing Law § 45, Repurchase of authority bonds, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1120875
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§ 45. Repurchase of authority bonds. An authority shall have power to purchase any bonds issued by it for the purpose of retirement or investment. An authority shall not purchase such bonds at a price in excess of the face value thereof plus a premium of four per centum. All bonds purchased for the purpose of retirement shall be cancelled.