N.Y. Public Authorities Law § 1824: Applications for loans and for loan guarantees

§ 1824. Applications for loans and for loan guarantees. a. A local

development corporation may request a loan from the authority pursuant

to the provisions of this title by filing an application therefor, which

shall be verified by an officer of the corporation duly authorized so to

do, in such form and with such exhibits and supporting data as the

authority may prescribe and by paying the fees or charges, if any,

established by the authority to defray the cost of investigating and

processing applications for loans and to the extent that the application

contains information or representations provided to or made to the

corporation by the project occupant or by a business enterprise

described in section eighteen hundred twenty-seven of this title, such

officer, in such application, shall, in a form to be prescribed by the

authority, certify the nature of the corporation's review of such

information and representations.

b. A banking organization may request a loan guarantee from the

authority pursuant to the provisions of this title by filing an

application therefor, which shall be verified by an officer of the

banking organization duly authorized to do so, in such form and with

such exhibits and supporting data as the authority may prescribe and by

paying the fees or charges, if any, established by the authority to

defray the cost of investigating and processing applications for loan

guarantees.