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234.05

234.05 Housing development fund; establishment; payments into fund.

234.05(1)

(1) There is established under the jurisdiction and control of the authority a revolving fund to be known as the "housing development fund".

234.05(2)

(2) There shall be paid into the housing development fund:

234.05(2)(a)

(a) Any moneys which the authority receives as interest on or in repayment of temporary loans made from the housing development fund;

234.05(2)(b)

(b) Any moneys transferred by the authority to the housing development fund from other funds or sources; and

234.05(2)(c)

(c) Any other moneys which may be made available to the authority for the purpose of the housing development fund from any other source.

234.05 - ANNOT.

History: 1971 c. 287.