New York § 216 Term of program

New York Statutes

§ 216 — Term of program

New York § 216

Law STFState Finance

Art. 15Excelsior Linked Deposit Act

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Bluebook

N.Y. State Finance § 216 (2026).

Text

§ 216. Term of program.

1.The program shall exist for a term which\nexpires on the date this article expires pursuant to chapter seven\nhundred five of the laws of nineteen hundred ninety-three which added\nthis article. Linked loans may be made only during the term of the\nprogram and linked deposits shall mature no later than four years after\nthe expiration of the term of the program.\n 2. The authorized depositor may permit funds released from a linked\ndeposit relating to a linked loan to be made available for additional\nlinked deposits under this program.\n

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§ 216. Term of program. 1. The program shall exist for a term which\nexpires on the date this article expires pursuant to chapter seven\nhundred five of the laws of nineteen hundred ninety-three which added\nthis article. Linked loans may be made only during the term of the\nprogram and linked deposits shall mature no later than four years after\nthe expiration of the term of the program.\n 2. The authorized depositor may permit funds released from a linked\ndeposit relating to a linked loan to be made available for additional\nlinked deposits under this program.\n