N.Y. State Finance Law Section 216
Term of program

1.

The program shall exist for a term which expires on the date this article expires pursuant to chapter seven hundred five of the laws of nineteen hundred ninety-three which added this article. Linked loans may be made only during the term of the program and linked deposits shall mature no later than four years after the expiration of the term of the program.

2.

The authorized depositor may permit funds released from a linked deposit relating to a linked loan to be made available for additional linked deposits under this program.

Source: Section 216 — Term of program, https://www.­nysenate.­gov/legislation/laws/STF/216 (updated Sep. 22, 2014; accessed Apr. 13, 2024).

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Accessed:
Apr. 13, 2024

Last modified:
Sep. 22, 2014

§ 216’s source at nysenate​.gov

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