reglab/housing_qa huggingface dataset:
NY Pub Auth L § 1835-F (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 8 - New York Job Development Authority Subtitle I General Provisions Sub Title 5-A - Subtitle V-a Loans to Lenders Program 1835-F - Loans to Lenders Funds.

§  1835-f.  Loans  to lenders funds. 1. The following shall constitute   loans to lenders funds of the authority and shall be kept  separate  and   apart from all other funds of the authority: (a) the proceeds of sale of   loans  to  lenders  bonds  and  notes  hereafter  issued, (b) any moneys   appropriated and made available by the state for the  purposes  of  this   subtitle,  (c)  any  moneys  made  available  to  the  authority for the   purposes of this subtitle  from  any  other  source,  including  without   limitation, any federal agency, (d) any moneys received by the authority   as  principal, interest and other payments on account of loans hereafter   made by the authority pursuant to this subtitle, (e) any  fees,  charges   or other moneys received by the authority in respect of loans to lenders   hereinafter  made  by  the  authority  pursuant  to  this subtitle or on   account of  applications  therefor,  and  (f)  any  income  or  interest   hereafter  earned  by  or  any increment hereafter added to any loans to   lenders funds due to the investment thereof.2. Subject to the terms of any agreement with lenders, bondholders and   noteholders, loans to lenders funds may be used by the authority solely:   (a) to make loans to lenders for the  purpose  of  financing  loans  for   agricultural  business  projects  in  any  area of the state, (b) to pay   expenses of  the  authority  referred  to  in  any  of  the  clauses  of   subdivision  one of section eighteen hundred twenty-eight of this title,   (c) to repay advances from the state for use as loans to  lenders  funds   in  accordance  with any provision of law or repayment agreement between   the authority and the  state,  (d)  to  pay  the  principal,  redemption   premium  or interest on loans to lenders bonds or notes, (e) to purchase   outstanding loans to lenders bonds and notes or (f) to exercise  any  of   the powers conferred in this subtitle.
NY Pub Auth L § 1836-A (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 8 - New York Job Development Authority Subtitle I General Provisions Sub Title 6 - Subtitle Vi Employee Ownership Assistance 1836-A - Legislative Findings.

§  1836-a.  Legislative  findings.  The  legislature  hereby finds and   declares that the health, safety and general welfare of  the  people  of   this  state  are directly dependent upon the state economy, and that one   of the principal problems  of  our  present  economy  is  the  permanent   closing of industrial and manufacturing plants, and their relocation out   of state, which results in the loss of jobs and increasing unemployment.It  is  the  purpose  of  this  subtitle to encourage the employees of   plants that are about to be permanently closed, or relocated, to acquire   such  plants  and  to  continue  to  operate  them   as   employee-owned   enterprises,  thereby  retaining  the jobs that would otherwise be lost,   and strengthening the economic base of this state.
NY Pub Auth L § 1836-B (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 8 - New York Job Development Authority Subtitle I General Provisions Sub Title 6 - Subtitle Vi Employee Ownership Assistance 1836-B - Definitions.

§  1836-b. Definitions. When used in this subtitle, unless the context   otherwise requires:1. "Agreement" means an employee ownership assistance  loan  agreement   made pursuant to this subtitle.2.  "Authority" means the job development authority created by section   one thousand eight hundred two of this chapter.3. "Eligible project" means the acquisition or  rehabilitation  by  an   employee   ownership   association   of   an   existing   industrial  or   manufacturing plant located in this state for the purpose  of  operating   it as an employee-owned enterprise.4.  "Employee  ownership  association"  means  a  corporation or other   association formed by or on behalf of the employees of an industrial  or   manufacturing  plant  located  in this state for the purpose of assuming   ownership or control of the plant and operating it as an  employee-owned   enterprise  or  as a worker cooperative as defined in section eighty-one   of the cooperative corporations law.5. "Employee-owned enterprise" means a business in which the employees   are represented on the board of directors and the employees control  the   majority  of  the  voting  stock,  or if the business is held in a trust   which controls the majority  of  the  voting  stock,  the  trustees  are   elected  by  the  employees.  The term "employee-owned enterprise" shall   also refer to a worker cooperative as defined in section  eighty-one  of   the cooperative corporations law.6.  "Funding  partner"  means an entity which singly or in combination   with other entities has agreed to finance a portion of the project  cost   of   an  eligible  project,  and  may  include  the  employee  ownership   association undertaking the project as well as any financial entity.7. "Plant" includes the site, structure, building  and  equipment  and   all  real  and personal property in connection therewith, whether or not   in existence,  and  may  include  any  road,  railroad,  or  utility  or   equipment appurtenant thereto.8.  "Project  cost"  includes all reasonable and necessary costs to be   incurred in the course of an eligible project, including any anticipated   acquisition, construction, land  acquisition,  improvements,  equipment,   pertinent  rights  and easements, and associated technical, engineering,   legal and financial services.
NY Pub Auth L § 1836-C (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 8 - New York Job Development Authority Subtitle I General Provisions Sub Title 6 - Subtitle Vi Employee Ownership Assistance 1836-C - Applications for Loans.

§   1836-c.   Applications   for  loans.  1.  Any  employee  ownership association may apply to a local  development  corporation  serving  the municipality  in  which  the eligible project is located for an employee ownership assistance loan  to  be  used  to  help  finance  an  eligible project.  Such  application  must  include  a written statement from the entity from which the project  is  being  acquired,  stating  that  such entity  consents  to  the  acquisition. The application shall include in detail:  (a) the history and membership of the association;  (b) the history and circumstances of the plant to be acquired;  (c) financial and marketing projections  and  analyses  sufficient  to allow  the authority to evaluate the continued economic viability of the project;  (d) estimate of the number of jobs to  be  saved  or  created  by  the project; and  (e) total anticipated project cost.   2.  The  application shall also include a detailed financial statement of funding partner participation in the project, which shall include:  (a) the identity of all funding partners; and  (b) the terms of the financing agreements with the  funding  partners, including  any repayment schedules and finance charges to be included in such agreements.
NY Pub Auth L § 1836-D (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 8 - New York Job Development Authority Subtitle I General Provisions Sub Title 6 - Subtitle Vi Employee Ownership Assistance 1836-D - Loan Preferences.

§  1836-d. Loan preferences. In approving applications for loans under   this subtitle, the authority shall give preference to projects which:1. have a higher level of funding from the funding partners;2. have the most direct impact on local economic development  and  the   creation or retention of employment opportunities;3. are most likely to stimulate other private sector investments; and4. are  least speculative, and provide greatest assurance of repayment   of the loan.
NY Pub Auth L § 1836-E (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 8 - New York Job Development Authority Subtitle I General Provisions Sub Title 6 - Subtitle Vi Employee Ownership Assistance 1836-E - Loan Agreements.

§ 1836-e. Loan agreements. 1. If the authority approves an application   for  a  loan  under this subtitle, the local development corporation may   enter into a loan agreement  with  the  employee  ownership  association   whereby the local development corporation agrees to loan to the employee   ownership  association  the  remaining  funds necessary for the eligible   project.2. No such loan may exceed forty percent of the cost  of  the  project   and  the  repayment  of such loan shall be secured by a mortgage thereon   which shall not be a junior  encumbrance  thereon  by  more  than  fifty   percent  of  such cost, and by means of the guarantees of the loans made   by banking organizations which guaranty shall not exceed eighty  percent   of the cost of the project, except as provided in paragraphs (a) and (b)   of  subdivision  two of section eighteen hundred three and paragraph (a)   of subdivision seven of section eighteen hundred  twenty-three  of  this   chapter.3.  The  local  development  corporation  may  not enter into any loan   agreement unless the authority determines through an appropriate  method   that  there  is  reasonable  assurance of repayment. The authority shall   establish such requirements  or  terms  as  it  may  deem  necessary  or   desirable  to  secure  the  repayment  of  the  loan  and to protect the   interests of the authority and the holders of its bonds.4. Subject to the requirements of  this  subtitle,  the  authority  is   authorized  to  determine  the  form and substance of any loan agreement   made pursuant to this subtitle.
NY Pub Auth L § 1836-F (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 8 - New York Job Development Authority Subtitle I General Provisions Sub Title 6 - Subtitle Vi Employee Ownership Assistance 1836-F - Repayment of Loans; Interest.

§ 1836-f. Repayment of loans; interest. The entire amount loaned shall   be  repaid by the employee ownership association to the authority or its   designee.
NY Pub Auth L § 1836-G (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 8 - New York Job Development Authority Subtitle I General Provisions Sub Title 6 - Subtitle Vi Employee Ownership Assistance 1836-G - Rules and Regulations of the Authority.

§  1836-g.  Rules  and  regulations of the authority. 1. The authority   shall make, promulgate and enforce such reasonable rules and regulations   relating to its duties under this subtitle as it may deem appropriate.2. To effectuate the purposes of  this  subtitle,  the  authority  may   request from any authority, division, board, bureau, commission or other   agency  of  the  state  or from any public corporation, and the same are   authorized to provide, such services, assistance and data as will enable   the authority to properly carry out its  functions,  powers  and  duties   under this subtitle.3. The  authority shall also cooperate with the department of economic   development to permit the department to carry out  its  responsibilities   under section one hundred four-a of the economic development law.
NY Pub Auth L § 1837 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 8 - New York Job Development Authority Subtitle I General Provisions Sub Title 7 - Subtitle Vii Special Project Development 1837 - Legislative Findings.

§ 1837. Legislative findings. The legislature hereby finds that one of   the  major  concerns  of  the  existing economy is the limited access to   financing  assistance  of  businesses  and  services  that  support   or   facilitate  employment  and economic development, but are not themselves   directly involved in manufacturing or industrial production.It is the purpose of this subtitle to  encourage  the  development  of   community   development  projects  that  promote  and  enhance  economic   development by providing loans and loan guarantees at a reasonable cost.
NY Pub Auth L § 1837-A (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 8 - New York Job Development Authority Subtitle I General Provisions Sub Title 7 - Subtitle Vii Special Project Development 1837-A - Definitions.

§  1837-a.  Definitions. When used in this subtitle unless the context   otherwise requires:1.   "Eligible   project"   means   the    acquisition,    renovation,   rehabilitation  or  development  of  property  necessary to commence and   complete operation of projects that are not  primarily  residential  nor   retail   businesses   or   enterprises,  other  than  manufacturing  and   industrial plants, that promote, facilitate or encourage employment  and   economic  development,  including  day  care,  commercial production and   incubators primarily used for commercial purposes that  will  result  in   the creation or retention of employment.2. "Eligible project cost" includes all reasonable and necessary costs   and  fees  related  to the acquisition, renovation, or rehabilitation of   the project, including, but not limited to,  acquisition,  construction,   land  acquisition,  improvements,  easements,  rights of way, equipment,   contract and/or license  rights,  and  related  technical,  engineering,   legal and financial services.
NY Pub Auth L § 1837-B (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 8 - New York Job Development Authority Subtitle I General Provisions Sub Title 7 - Subtitle Vii Special Project Development 1837-B - Loans to Local Development Corporations.

§ 1837-b. Loans to local development corporations. 1. No loan shall be   made by the authority under the provisions of this subtitle with respect   to an eligible project unless: (a) the local development corporation has   obtained firm commitments satisfactory to the authority from responsible   financial  sources,  which  may  include a federal agency or the project   occupant, for the total project cost exclusive  of  any  loan  requested   from the authority; (b) the local development corporation has obtained a   firm  commitment satisfactory to the authority from the project occupant   to lease or use the  project  after  it  has  been  completed;  (c)  the   principal  amount  of  such loan is forty percent or less of the project   cost, except as provided in paragraphs (a) and (b) of subdivision two of   section eighteen hundred three and paragraph (a) of subdivision seven of   section eighteen hundred twenty-three of this chapter; and (d)  if  such   loan  is  secured  by  a mortgage on the project, such mortgage is not a   junior encumbrance on the project by more  than  fifty  percent  of  the   project cost.2.  No  loan  shall  be  guaranteed by the authority with respect to a   project unless: (a) the project occupant has obtained  firm  commitments   satisfactory  to  the  authority  from  banking  organizations  for  the   financing of the project cost exclusive of the amount to be provided  by   the  project  occupant;  (b) the authority is satisfied that the project   occupant may be reasonably expected to comply with the terms of any loan   for which a guarantee is sought; (c) the  amount  of  the  guarantee  is   eighty  percent or less of the project cost; and (d) the loan is secured   by a mortgage or security instrument which is not a  junior  encumbrance   or  other  collateral  deemed  satisfactory  to  protect the authority's   interest.
NY Pub Auth L § 1837-C (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 8 - New York Job Development Authority Subtitle I General Provisions Sub Title 7 - Subtitle Vii Special Project Development 1837-C - Regulations by Authority.

§  1837-c.  Regulations  by  authority. The authority shall promulgate   rules and regulations to effectuate the purposes of this subtitle  which   shall be subject to the approval of the director of the budget.
NY Pub Auth L § 2400 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 1 2400 - Short Title.

§ 2400. Short title. This title shall be known and may be cited as the   "state of New York mortgage agency act".
NY Pub Auth L § 2405-E (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 1 2405-E - Purchase of Employer Assisted Forward Commitment Mortgages.

§  2405-e. Purchase of employer assisted forward commitment mortgages. (1) In accordance with the authority set forth  in  section  twenty-four hundred  five-b of this title, the agency may purchase employer assisted forward commitment mortgages from banks at such  prices  and  upon  such terms and conditions as it shall determine. In conducting its program of purchasing  employer  assisted  forward commitment mortgages, the agency shall be governed by  the  provisions  of  section  twenty-four  hundred five-b  of  this  title.  The  board  of  directors  of the agency shall establish from time to time maximum income limits of persons eligible to receive such mortgages, which income limits shall not exceed the  latest maximum income limits permitted under the Internal Revenue Code of 1986, as  amended,  for  mortgages  financed  by  mortgage  revenue  bonds. An employer may develop additional qualifications  for  eligible  employees beyond  those qualifications provided for in this section, provided that such qualifications are non-discriminatory and are pre-approved  by  the agency;  the  employer,  however,  shall  remain  solely responsible for determining and insuring the legality of such qualifications and may not rely on any agency reviews, approvals, legal opinions or statements.  (2) To participate in an employer assisted forward commitment mortgage program, an  employer  must  be  a  corporation,  partnership,  or  sole proprietorship  which  maintains an office in the state and must satisfy the requirements set forth in guidelines established by the agency.  (3) For any employer assisted forward commitment mortgage, the maximum loan-to-value ratio shall be established by the  agency,  provided  that such loan shall not exceed one hundred percent of the appraised value of the  mortgaged  premises.  Reasonable  closing costs for the loan may be amortized over the life of the loan, provided that the final loan amount does not exceed one hundred  percent  of  the  appraised  value  of  the mortgaged premises.  (4)  The  agency  shall  require  any  employer  participating  in the employer assisted forward commitment mortgage program  to  guarantee  to pay  up to twenty percent of the total outstanding mortgage indebtedness (as determined by the agency) for each employee who obtains  a  mortgage loan  under  the  provisions  of  this  section and who defaults on such mortgage loan during the first seven years of such loan,  regardless  of whether such borrower is an employee of such employer at the time of the default.
NY Pub Auth L § 2410 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 1 2410 - State and Municipalities Not Liable on Bonds, Notes or Insurance Commitments or Contracts or Development Corporation Credit Support.

§  2410.  State  and  municipalities  not  liable  on  bonds, notes or   insurance commitments or contracts  or  development  corporation  credit   support.  The  bonds,  notes,  insurance  commitments  or  contracts  or   development corporation credit support  and  other  obligations  of  the   agency  shall  not  be  a  debt  of  the  state  of  New  York or of any   municipality, and neither the state nor any municipality shall be liable   thereon, nor shall they be payable out of any funds other than those  of   the agency.
NY Pub Auth L § 2411 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 1 2411 - Agreement of the State.

§  2411.  Agreement  of  the  state. The state of New York does hereby   pledge to and agree with the holders  of  any  bonds  or  notes  or  any   mortgage  insurance contract issued under this title that the state will   not limit or alter the rights hereby vested in the agency to fulfill the   terms of any agreements made with the holders thereof,  or  in  any  way   impair the rights and remedies of such holders until such bonds or notes   together  with  the  interest  thereon,  with  interest  on  any  unpaid   installments of interest, or  insurance  contracts  and  all  costs  and   expenses in connection with any action or proceedings by or on behalf of   such  holders, are fully met and discharged. The agency is authorized to   include this pledge and agreement of the state in any agreement with the   holders of such bonds or notes or insurance contracts.
NY Pub Auth L § 2412 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 1 2412 - Property and Income.

§  2412.  Property  and  income. 1. The property of the agency and its   income and operations shall be exempt from taxation  or  assessments  of   every kind and nature, other than assessments for local improvements and   the  tax  imposed by article eleven of the tax law; nor shall the agency   be required to pay any recording fee or transfer  tax  of  any  kind  on   account of instruments recorded by it or on its behalf.2.  Notwithstanding the provisions of subdivision one of this section,   all mortgages recorded prior to the effective date of  this  subdivision   as  to  which  an  assignment  to  the agency has been recorded shall be   recordable, enforceable, assignable and valid for all purposes as if the   mortgage recording tax had been paid regardless of  whether  a  mortgage   recording tax was paid thereon.
NY Pub Auth L § 2413 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 1 2413 - Exemption From Taxation of Bonds and Notes and Insurance Commitments and Loans.

§  2413.  Exemption  from  taxation  of  bonds and notes and insurance   commitments and loans. It is hereby determined that the creation of  the   agency  is  in  all respects for the benefit of the people of the state,   for the improvement of their health and welfare, and for  the  promotion   of  the  economy,  and  that  said  purposes are public purposes and the   agency will be performing an  essential  governmental  function  in  the   exercise  of  the  powers conferred upon it by this title, and the state   covenants with the purchasers and all subsequent holders and transferees   of bonds and notes  issued  by  the  agency,  in  consideration  of  the   acceptance  of  and  payment for the bonds and notes, that the bonds and   notes of the agency, issued  pursuant  to  this  title  and  the  income   therefrom  and all its fees, charges, gifts, grants, revenues, receipts,   and other moneys received or to be received, pledged to  pay  or  secure   the  payment  of  such  bonds  or  notes shall at all times be free from   taxation, except for estate or gift taxes and taxes on transfers and  in   addition  all other property of the agency and its income and operations   shall be exempt from taxation.