{"data":{"id":"us-ny/n.y.-public-authorities-law-1836-c","jurisdiction":"us-ny","citation":"N.Y. Public Authorities Law § 1836-c","heading":"Applications for loans","body":"§ 1836-c. Applications for loans. 1. Any employee ownership\nassociation may apply to a local development corporation serving the\nmunicipality in which the eligible project is located for an employee\nownership assistance loan to be used to help finance an eligible\nproject. Such application must include a written statement from the\nentity from which the project is being acquired, stating that such\nentity consents to the acquisition. The application shall include in\ndetail:\n  (a) the history and membership of the association;\n  (b) the history and circumstances of the plant to be acquired;\n  (c) financial and marketing projections and analyses sufficient to\nallow the authority to evaluate the continued economic viability of the\nproject;\n  (d) estimate of the number of jobs to be saved or created by the\nproject; and\n  (e) total anticipated project cost.\n  2. The application shall also include a detailed financial statement\nof funding partner participation in the project, which shall include:\n  (a) the identity of all funding partners; and\n  (b) the terms of the financing agreements with the funding partners,\nincluding any repayment schedules and finance charges to be included in\nsuch agreements.","path":["Public Authorities Law","Article 8. Miscellaneous Authorities","Title 8. New York Job Development Authority","Subtitle 6. Employee Ownership Assistance"],"source_url":"https://legislation.nysenate.gov/api/3/laws/PBA/1836-C","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"bb98bbc5d455699de272ce524f00838d36536bb79383f5a98a4a5b14fbf67a6c","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-public-authorities-law-1836-b","next":"us-ny/n.y.-public-authorities-law-1836-d"},"notice":"GroundRules: Original legal text. Not legal advice."}