221 – Liability; Early Repayment and Withdrawal.
§ 221. Liability; early repayment and withdrawal. Nothing contained in this article shall impose liability on the state or any of its departments or employees for payment or delays in payment of the principal or interest of a linked loan. Any delay in payments or any default on a linked loan shall in no way […]
222 – Monitoring and Report.
§ 222. Monitoring and report. 1. The commissioner of economic development shall monitor the activities of participating lenders and businesses and may require periodic reports or other information the commissioner of economic development deems necessary from participating lenders and businesses on the status of the linked loans and the projects to ensure compliance with the […]
223 – Promotion of Program.
§ 223. Promotion of program. The department, through its regional offices and with the assistance of the department of financial services and other appropriate state agencies and public benefit corporations, shall actively market and promote awareness of the program in all geographical areas of the state among banks, banking organizations, manufacturing firms, manufacturing organizations, and […]
224 – Rules and Regulations.
§ 224. Rules and regulations. The commissioner of economic development shall, in consultation with the comptroller, the commissioner of taxation and finance and the superintendent of financial services, promulgate rules and regulations necessary and reasonable for the operation of the program.
235 – Short Title.
§ 235. Short title. This article shall be known and may be cited as the “water pollution control linked deposit program act”.
236 – Definitions.
§ 236. Definitions. When used in this article, unless the context clearly indicates otherwise, the following terms shall have the following meanings: 1. “Corporation” means the New York state environmental facilities corporation, as continued by section twelve hundred eighty-two of the public authorities law. 2. “Eligible borrower” means any recipient, including any entity receiving or […]
209-B – Severance Benefits for Certain State Officers and Employees.
§ 209-b. Severance benefits for certain state officers and employees. 1. Notwithstanding any other law, rule or regulation to the contrary, where, and to the extent that, an agreement between the state and an employee organization entered into pursuant to article fourteen of the civil service law on behalf of employees in a collective negotiating […]
212 – Short Title.
§ 212. Short title. This article shall be known and may be cited as the “excelsior linked deposit act”.
213 – Definitions.
§ 213. Definitions. When used in this article, unless a different meaning clearly appears from the context, the following terms shall have the following meanings: 1. “Authorized depositor” means the comptroller with respect to linked deposits made by the comptroller and the commissioner of taxation and finance with respect to linked deposits made by the […]
214 – Establishment and Purpose; Linked Deposit Program Authorization.
§ 214. Establishment and purpose; linked deposit program authorization. The excelsior linked deposit program is hereby created. The purpose of the program is to encourage and assist eligible businesses within the state to undertake eligible projects that will materially contribute to improving their performance and competitiveness. The comptroller is hereby authorized to use any moneys […]