§5036. Municipal Land Acquisition Revolving Fund






The Municipal Land Acquisition Revolving Fund is established as a nonlapsing revolving
fund to provide low-interest loans to municipalities for the acquisition or development
of land for affordable housing. The fund is administered by the state authority.
The state authority shall deposit in this fund all payments of principal and interest
on loans made from the fund. [1991, c. 610, §17 (AMD).]





SECTION HISTORY

1989, c. 601, §B4 (NEW).
1991, c. 610, §17 (AMD).