234.05 Housing development fund; establishment; payments into fund.

105 words·~1 min read·/wi/chapter-234/234-05-2

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)There is established under the jurisdiction and control of the authority a revolving fund to be known as the “housing development fund”.

(2)There shall be paid into the housing development fund:

(a)Any moneys which the authority receives as interest on or in repayment of temporary loans made from the housing development fund;

(b)Any moneys transferred by the authority to the housing development fund from other funds or sources; and

(c)Any other moneys which may be made available to the authority for the purpose of the housing development fund from any other source.