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New York · Through 2026-09-11

N.Y. State Finance Law § 216: Term of program

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Where this section sits in the code
  1. State Finance Law
  2. Article 15. Excelsior Linked Deposit Act

§ 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.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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