New York § 223 Promotion of program

New York Statutes

§ 223 — Promotion of program

New York § 223

Law STFState Finance

Art. 15Excelsior Linked Deposit Act

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Bluebook

N.Y. State Finance § 223 (2026).

Text

  § 223. Promotion of program. The department, through its regional\noffices and with the assistance of the department of financial services\nand other appropriate state agencies and public benefit corporations,\nshall actively market and promote awareness of the program in all\ngeographical areas of the state among banks, banking organizations,\nmanufacturing firms, manufacturing organizations, and regional and local\neconomic development agencies. In soliciting lenders to participate in\nthe program, on or before April first, nineteen hundred ninety-six, the\ncommissioner of economic development shall give priority to the\nsolicitation of lenders seeking to make linked loans in economic\ndevelopment regions in which fewer than ten linked loans have been made\non or before April first, ni

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§ 223. Promotion of program. The department, through its regional\noffices and with the assistance of the department of financial services\nand other appropriate state agencies and public benefit corporations,\nshall actively market and promote awareness of the program in all\ngeographical areas of the state among banks, banking organizations,\nmanufacturing firms, manufacturing organizations, and regional and local\neconomic development agencies. In soliciting lenders to participate in\nthe program, on or before April first, nineteen hundred ninety-six, the\ncommissioner of economic development shall give priority to the\nsolicitation of lenders seeking to make linked loans in economic\ndevelopment regions in which fewer than ten linked loans have been made\non or before April first, nineteen hundred ninety-five. Provided,\nhowever, that the granting of such priority shall in no way relieve the\ncommissioner of economic development of the duty and obligation to\nsolicit lenders from all economic development regions of the state.\n