TITLE XVII
HOUSING AND REDEVELOPMENT

CHAPTER 204-C
HOUSING FINANCE AUTHORITY

Low and Moderate Income Housing Loan Program

Section 204-C:70

    204-C:70 Investment of Funds. – Moneys appropriated under this subdivision and revenues received from interest payments or loan repayments may be invested by the authority. Income earned from such investment and any interest payments received from loan recipients shall be returned to the program; provided, however, that the authority may use up to 10 percent of any such income earned to defray the costs of administering this subdivision.

Source. 1989, 18:3, eff. June 3, 1989.