New York § 574-A - 574-AMunicipal housing development fund
Full text of New York New York Consolidated Laws § 574-A — 574-AMunicipal housing development fund, with citation guidance and answers to common questions.
§ 574-A. 574-AMunicipal housing development fund
§ 574-a. Municipal housing development fund. 1. A municipality may create and establish a revolving fund to be known as the "municipal housing development fund." Such a revolving fund shall be created and established in the supervising agency. 2. There shall be paid into such municipal housing development fund (a) any moneys appropriated and made available by the municipality for the purposes of such fund, (b) notwithstanding the provisions of the local finance law or any other provision of law, any moneys received in repayment of advances made from such fund, and (c) any other moneys which may be available for the purpose of such fund from any other source or sources. 3. Any moneys held in such municipal housing development fund not required for immediate disbursement may be invested, at the discretion of the supervising agency, in obligations of the state or the United States government or obligations the principal and interest of which are guaranteed by the state or the United States government. Any income or interest earned by, or increment to, such municipal housing development fund shall be added to the moneys held in such fund for the purposes herein provided.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 574-A
What does New York Consolidated Laws § 574-A cover?
Section 574-A ("574-AMunicipal housing development fund") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 574-A?
A common citation format is "New York Consolidated Laws § 574-A" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 574-A apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.