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New York · Through 2026-09-11

N.Y. State Finance Law § 223: Promotion of program

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

§ 223. Promotion of program. The department, through its regional

offices and with the assistance of the department of financial services

and other appropriate state agencies and public benefit corporations,

shall actively market and promote awareness of the program in all

geographical areas of the state among banks, banking organizations,

manufacturing firms, manufacturing organizations, and regional and local

economic development agencies. In soliciting lenders to participate in

the program, on or before April first, nineteen hundred ninety-six, the

commissioner of economic development shall give priority to the

solicitation of lenders seeking to make linked loans in economic

development regions in which fewer than ten linked loans have been made

on or before April first, nineteen hundred ninety-five. Provided,

however, that the granting of such priority shall in no way relieve the

commissioner of economic development of the duty and obligation to

solicit lenders from all economic development regions of the state.

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

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