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N.Y. STF Law § 214

This is the official text of N.Y. STF Law § 214, part of New York’s STF Law — part of the compiled statutory law of New York, published by the state as "STF Law." Browse the sections below, each linked to its official government source.

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Establishment and purpose; linked deposit program authorization

Official statutory text

§ 214. Establishment and purpose; linked deposit program\nauthorization. The excelsior linked deposit program is hereby created.\nThe purpose of the program is to encourage and assist eligible\nbusinesses within the state to undertake eligible projects that will\nmaterially contribute to improving their performance and\ncompetitiveness. The comptroller is hereby authorized to use any moneys\nof the state the comptroller is authorized to invest pursuant to section\nninety-eight-a of this chapter as linked deposits for the program. Not\nmore than one billion dollars of such moneys shall be on deposit\npursuant to the program at any given time. The commissioner of taxation\nand finance is hereby authorized to use funds in the linked deposit\nprogram fund established pursuant to section ninety-two-v of this\nchapter as linked deposits for the program. Not more than one hundred\nmillion dollars from the linked deposit program fund shall be on deposit\npursuant to the program at any given time.\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.