N.Y. STF Law § 217
This is the official text of N.Y. STF Law § 217, 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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Linked loans
Official statutory text
§ 217. Linked loans. Linked loans shall be made by lenders pursuant to\nthe program only to eligible businesses in connection with eligible\nprojects. A linked loan shall be limited to a maximum amount of four\nmillion dollars. An eligible business may receive more than one linked\nloan. During the life of the linked loan program, the total amount of\nmoney that a business can borrow from the linked program is six million\ndollars. The credit decision for making a linked loan shall be made\nsolely by the lender. Notwithstanding the length of the term of a linked\nloan, the linked deposit relating to the linked loan shall be for a\nperiod of not more than four years.\n
Status: in_force · Read it on the official government site
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