I.  DwellingUnit Revolving Fund

 

[§201H-191]  Dwelling unit revolving fund. There is created a dwelling unit revolving fund.  The funds appropriated forthe purpose of the dwelling unit revolving fund and all moneys received orcollected by the corporation for the purpose of the revolving fund shall bedeposited in the revolving fund.  The proceeds in the revolving fund shall beused to reimburse the general fund to pay the interest on general obligationbonds issued for the purposes of the revolving fund, for the necessary expensesin administering housing development programs, and for carrying out thepurposes of housing development programs, including but not limited to theexpansion of community facilities constructed in conjunction with housing projects,permanent primary or secondary financing, and supplementing building costs,federal guarantees required for operational losses, and all things required byany federal agency in the construction and receipt of federal funds or low‑incomehousing tax credits for housing projects. [L 2006, c 180, pt of §4]

 

Note

 

  Transfer of certain interest earnings to general fund untilJune 30, 2015.  L 2009, c 79, §30(a)(14).