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Statutes » New York » PBH Law » Article 11

N.Y. PBH Law § 1167

This is the official text of N.Y. PBH Law § 1167, part of New York’s PBH Law — part of the compiled statutory law of New York, published by the state as "PBH Law." Browse the sections below, each linked to its official government source.

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Financial assistance; recipients

Official statutory text

§ 1167. Financial assistance; recipients. The corporation may\nprovide financial assistance to recipients pursuant to paragraph (a) of\nsubdivision four of section twelve hundred eighty-five-m of the public\nauthorities law from any available moneys in the fund other than the\nproceeds of the corporation's bonds or notes or moneys needed to comply\nwith subdivision five of section twelve hundred eighty-five-m of the\npublic authorities law if and to the extent the corporation determines\nthat it is unable to, or that it is impractical or inadvisable to,\nfinance all or a portion of the costs of an eligible project from the\nproceeds of bonds or notes that are special obligations of the\ncorporation.\n The interest rate charged on any loan made by the corporation pursuant\nto this section shall be such interest rate as determined by the\ncorporation (including a zero percent rate of interest), but shall in\nany event be no more than two-thirds of the market rate of interest\notherwise applicable thereto.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.