N.Y. Pub. Hous. Law § 45
Current through 2024 NY Law Chapter 443
An authority shall have power to purchase any bonds issued by it for the purpose of retirement or investment. An authority shall not purchase such bonds at a price in excess of the face value thereof plus a premium of four per centum. All bonds purchased for the purpose of retirement shall be cancelled.
N.Y. Pub. Hous. Law § 45