New York § 580 - 580Examination by comptroller
Full text of New York New York Consolidated Laws § 580 — 580Examination by comptroller, with citation guidance and answers to common questions.
§ 580. 580Examination by comptroller
§ 580. Examination by comptroller. 1. The comptroller, or his legally authorized representative, is hereby authorized and empowered from time to time to examine the books and accounts of the division relating to the housing development fund, and from time to time, not less than once every five years, to examine the books and accounts of each housing development fund company which received or is to receive aid from such fund pursuant to this article, including its receipts, disbursements, contracts, leases, loans, and any other moneys relating to its financial operation, and from time to time, to examine the books and accounts of any local loan administrator which has received advances from such fund pursuant to this article, but only insofar as those books and accounts relate to such advances and to the local loan administrator's compliance with the master servicing agreement entered into pursuant to section five hundred seventy-six-d of this article. 2. The comptroller of a municipality or, in the case of a municipality having no comptroller, the chief fiscal officer of such municipality, is hereby authorized and empowered from time to time to examine the books and accounts relating to the municipal housing development fund, and the supervising agency is hereby authorized and empowered from time to time, not less than once every five years, to examine the books and accounts of each housing development fund company which received or is to receive aid from such fund, including its receipts, disbursements, contracts, leases, loans, and any other moneys relating to its financial operation.
Frequently Asked Questions About New York § 580
What does New York Consolidated Laws § 580 cover?
Section 580 ("580Examination by comptroller") 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 § 580?
A common citation format is "New York Consolidated Laws § 580" (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 § 580 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.