New York § 1836-D Loan preferences

New York Statutes

§ 1836-D — Loan preferences

New York·Law PBA Public Authorities·Title 8 New York Job Development Authority·Subtitle 6 Employee Ownership Assistance·Art. 8 Miscellaneous Authorities

  § 1836-d. Loan preferences. In approving applications for loans under\nthis subtitle, the authority shall give preference to projects which:\n  1. have a higher level of funding from the funding partners;\n  2. have the most direct impact on local economic development and the\ncreation or retention of employment opportunities;\n  3. are most likely to stimulate other private sector investments; and\n  4. are least speculative, and provide greatest assurance of repayment\nof the loan.\n

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§ 1836-d. Loan preferences. In approving applications for loans under\nthis subtitle, the authority shall give preference to projects which:\n 1. have a higher level of funding from the funding partners;\n 2. have the most direct impact on local economic development and the\ncreation or retention of employment opportunities;\n 3. are most likely to stimulate other private sector investments; and\n 4. are least speculative, and provide greatest assurance of repayment\nof the loan.\n

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