§ 47. Reserve funds and appropriations. 1. (a) The agency shall create\nand establish a special fund (herein referred to as capital reserve\nfund), and shall pay into such capital reserve fund (1) any monies\nappropriated and made available by the state for the purposes of such\nfund, (2) any proceeds of sale of notes or bonds other than state\nuniversity construction notes or state university construction bonds,\nequity notes or equity bonds, non-profit project notes or non-profit\nproject bonds, hospital and nursing home project notes or hospital and\nnursing home project bonds, urban rental project notes or urban rental\nproject bonds, health facilities notes or health facilities bonds, youth\nfacilities project notes or youth facilities project bonds, community\nmental health services and developmental disabilities services project\nnotes or community mental health services and developmental disabilities\nservices project bonds, community senior citizens services project notes\nor community senior citizens services project bonds, mental hygiene\nimprovement notes or mental hygiene improvement bonds and revenue\nhousing bonds, and bonds and notes for the housing program to the extent\nprovided in the resolution of the agency authorizing the issuance\nthereof, and (3) any other moneys which may be made available to the\nagency for the purpose of such fund from any other source or sources.\nAll moneys held in the capital reserve fund, except as hereinafter\nprovided, shall be used solely for the payment of the principal of bonds\nof the agency other than state university construction bonds, equity\nbonds, non-profit project bonds, hospital and nursing home project\nbonds, urban rental project bonds, health facilities bonds, youth\nfacilities project bonds, community mental health services and\ndevelopmental disabilities services project bonds, community senior\ncitizens services project bonds, mental hygiene improvement bonds and\nrevenue housing bonds, and bonds and notes for the housing program as\nthe same mature, required payments to any sinking fund established in a\nresolution of the agency for the amortization of term bonds (hereinafter\nreferred to as "sinking fund payments"), the purchase or redemption of\nbonds of the agency other than state university construction bonds,\nequity bonds, non-profit project bonds, hospital and nursing home\nproject bonds, urban rental project bonds, health facilities bonds,\nyouth facilities project bonds, community mental health services and\ndevelopmental disabilities services project bonds, community senior\ncitizens services project bonds, mental hygiene improvement bonds and\nrevenue housing bonds, and bonds and notes for the housing program the\npayment of interest on such bonds of the agency or the payment of any\nredemption premium required to be paid when such bonds are redeemed\nprior to maturity; provided, however, that monies in such fund shall not\nbe withdrawn therefrom at any time in such amount as would reduce the\namount of such fund to less than the maximum amount of principal and\ninterest maturing and becoming due and sinking fund payments required to\nbe made in any succeeding calendar year on all bonds of the agency then\noutstanding other than state university construction bonds, equity\nbonds, non-profit project bonds, hospital and nursing home project\nbonds, urban rental project bonds, health facilities bonds, youth\nfacilities project bonds, community mental health services and\ndevelopmental disabilities services project bonds, community senior\ncitizens services project bonds, mental hygiene improvement bonds and\nrevenue housing bonds and bonds and notes for the housing program,\nexcept for the purpose of paying principal of, interest and sinking fund\npayments becoming due on such bonds of the agency maturing and becoming\ndue and for the payment of which other moneys of the agency are not\navailable. For the purposes of this subdivision, in computing th
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