N.Y. Public Authorities Law § 1811: Application of subtitle

§ 1811. Application of subtitle. Subject to the provisions of sections

eighteen hundred twenty-two and eighteen hundred twenty-three of this

title, the authority shall have the power and is hereby authorized to

make mortgage loans to local development corporations and loan

guarantees to banking organizations with special purpose funds pursuant

to this subtitle for costs of projects and to make loans and loan

guarantees as provided in section eighteen hundred fourteen to improve

employment opportunities in any area of the state.