N.Y. PVH Law § 1106-E
This is the official text of N.Y. PVH Law § 1106-E, part of New York’s PVH Law — part of the compiled statutory law of New York, published by the state as "PVH Law." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Reserve fund
Official statutory text
§ 1106-e. Reserve fund. There shall be a reserve fund for each project\nwhich in no event shall initially be less than five percent of the\nturnkey/enhanced rental project costs, exclusive of any reserve fund.\nSuch reserve fund may be provided by the corporation or any other source\nand, if provided by another source, shall be provided in cash or the\npayment of such cash shall be assured by deposit of adequate marketable\ncollateral prior to the payment by the corporation of any project costs,\nexcluding advances for planning costs.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
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.