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N.Y. PBA Law § 1824

This is the official text of N.Y. PBA Law § 1824, part of New York’s PBA Law — part of the compiled statutory law of New York, published by the state as "PBA Law." Browse the sections below, each linked to its official government source.

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Applications for loans and for loan guarantees

Official statutory text

§ 1824. Applications for loans and for loan guarantees. a. A local\ndevelopment corporation may request a loan from the authority pursuant\nto the provisions of this title by filing an application therefor, which\nshall be verified by an officer of the corporation duly authorized so to\ndo, in such form and with such exhibits and supporting data as the\nauthority may prescribe and by paying the fees or charges, if any,\nestablished by the authority to defray the cost of investigating and\nprocessing applications for loans and to the extent that the application\ncontains information or representations provided to or made to the\ncorporation by the project occupant or by a business enterprise\ndescribed in section eighteen hundred twenty-seven of this title, such\nofficer, in such application, shall, in a form to be prescribed by the\nauthority, certify the nature of the corporation's review of such\ninformation and representations.\n b. A banking organization may request a loan guarantee from the\nauthority pursuant to the provisions of this title by filing an\napplication therefor, which shall be verified by an officer of the\nbanking organization duly authorized to do so, in such form and with\nsuch exhibits and supporting data as the authority may prescribe and by\npaying the fees or charges, if any, established by the authority to\ndefray the cost of investigating and processing applications for loan\nguarantees.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.