74 - Restrictions on additional subsidies.

§  74.  Restrictions on additional subsidies.  No subsidy, in addition  to any periodic subsidy originally contracted for in aid of any  project  or  projects, shall be paid by the state to a municipality or authority,  acting as an instrumentality thereof, for the purpose of  enabling  such  municipality  or  authority  to  remedy  an  actual  default or avoid an  impending default in the payment of principal or interest  on  any  loan  which  has  been  theretofore  made by the state to such municipality or  authority pursuant to this chapter.