§ 153.00 Authorization for municipality to assign for collateral or\npledge its mortgage interest. Any municipality shall be authorized to\nassign for collateral or pledge as security for any of its bonds, notes\nor other obligations its mortgage interest in a project constructed\npursuant to article two of the private housing finance law to the state\nor to any political subdivision thereof.\n
Authorization for municipality to assign for collateral or pledge its mortgage interest
N.Y. Local Finance Law § 153.00, under Power to Contract Indebtedness For Housing Purposes and Limitations Thereon.
N.Y. Local Finance Law § 153.00