71 – Conditions Precedent to State Loans.
§ 71. Conditions precedent to state loans. 1. No loan shall be made unless the commissioner finds that: (a) the project is in conformity with a plan or undertaking for the clearance, replanning, reconstruction or rehabilitation of a substandard and insanitary area or areas and for recreational and other facilities incidental or appurtenant thereto; (b) […]
56 – Authorities Created Prior to the Enactment of This Chapter.
§ 56. Authorities created prior to the enactment of this chapter. Any authority created prior to the enactment of this chapter pursuant to the provisions of the municipal housing authorities law shall continue, as now constituted, in existence as an authority under the provisions of this chapter.
47 – Bond Covenants of an Authority.
§ 47. Bond covenants of an authority. 1. In connection with the issuance of bonds or the incurring of an obligation, and to secure the payment of such bonds or obligations, an authority, in addition to its other powers, may: (a) Pledge, covenant to pledge, or covenant against pledging, all or any part of its […]
48 – Guaranteed Indebtedness of an Authority.
§ 48. Guaranteed indebtedness of an authority. An authority may contract indebtedness and authorize and issue bonds guaranteed by a municipality as to principal and interest, or only as to the interest.
49 – Authority Obligations as Legal Investments and Legal Security for Deposits by Public Officers.
§ 49. Authority obligations as legal investments and legal security for deposits by public officers. The state, its subdivisions, municipalities, and all other public bodies, and all public officers, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, saving and loan associations, investment companies and other persons carrying on a banking […]
50 – Foreclosure and Other Remedies Against an Authority.
§ 50. Foreclosure and other remedies against an authority. 1. In an action or proceeding to foreclose a mortgage on property of an authority, the authority and the municipality, in addition to all other necessary parties, shall be made parties defendant and shall take such steps in said action as may be necessary to protect […]
51 – Liability of State or Municipality.
§ 51. Liability of state or municipality. 1. The bonds or other obligations of an authority shall not be a debt of the state or the municipality and neither the state nor the municipality shall be liable thereon nor shall an authority have power in any way to pledge the credit of the state or […]
52 – Tax Exemptions of an Authority.
§ 52. Tax exemptions of an authority. 1. An authority shall be exempt from the payment of (a) any taxes or fees to the state or any subdivision thereof and (b) any fees to any officer or employee of the state or of any subdivision thereof, except where it is provided by or pursuant to […]
53 – Depositories of Authority Funds.
§ 53. Depositories of authority funds. In order to protect funds deposited by an authority all banks, bankers, trust companies or other persons carrying on a banking business, organized under the laws of the state, are authorized to give to the authority an undertaking with such sureties as shall be approved by the authority, faithfully […]
54 – Filing by Authority of By-Laws, Rules and Regulations.
§ 54. Filing by authority of by-laws, rules and regulations. 1. An authority shall file with the commissioner a copy of any by-laws, rules and regulations and amendments thereto adopted by it from time to time, which shall become effective upon approval by the commissioner; provided, however, that if the commissioner shall fail to approve […]