reglab/statecodes huggingface dataset:
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 8 - New York Job Development Authority Subtitle I General Provisions › Sub Title 2 - Subtitle Ii Financial Assistance From Special Purpose Funds › 1816 - Rate of Interest.

§  1816. Rate of interest. Any loan made by the authority with special
  purpose funds shall bear interest at such  rate  as  the  authority  may
  determine  but  such  rate  shall  not  be less than a rate which is one
  percent below the average annual net interest cost to the authority,  as
  determined  by  the  authority, on special purpose bonds the proceeds of
  which, in the opinion of the authority, are available to make such loan,
  or if no such proceeds are then available in a sufficient amount to make
  such loan, the average annual net interest cost  to  the  authority,  as
  determined  by  the  authority  not more than six months previous to the
  making of such loan, which would have been incurred by the authority  on
  special purpose bonds having an average maturity of twenty years if such
  bonds   had   been   issued  on  a  date  within  thirty  days  of  such
  determination. The rental or other amount  required  to  be  paid  by  a
  project  occupant  or  by  a  business  enterprise  described in section
  eighteen hundred twenty-seven to a local development corporation under a
  lease or other agreement for use of the said project  shall  include  an
  interest  element computed at such rate as the authority shall determine
  but such rate shall not be less than the interest rate  charged  by  the
  authority  to  the  local development corporation in accordance with the
  preceding sentence of this section.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 8 - New York Job Development Authority Subtitle I General Provisions › Sub Title 3 - Subtitle Iii Financial Assistance From Pollution Control Funds › 1817 - Application of Subtitle.

§ 1817. Application of subtitle. Subject to the provisions of sections
  eighteen  hundred  twenty-two  and eighteen hundred twenty-three of this
  title, the authority shall have the power and is  hereby  authorized  to
  make  loans  with  pollution  control funds pursuant to this subtitle to
  local development corporations for costs of projects located in any area
  of the  state  for  the  acquisition,  construction,  rehabilitation  or
  improvement of pollution control facilities.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 8 - New York Job Development Authority Subtitle I General Provisions › Sub Title 3 - Subtitle Iii Financial Assistance From Pollution Control Funds › 1819 - State Not Liable on Pollution Control Bonds and Notes.

§  1819.  State  not liable on pollution control bonds and notes.  The
  state shall not be liable on pollution control bonds and  notes  of  the
  authority,  and such bonds and notes shall contain on the face thereof a
  statement to that effect.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 8 - New York Job Development Authority Subtitle I General Provisions › Sub Title 3 - Subtitle Iii Financial Assistance From Pollution Control Funds › 1821 - Rate of Interest to Project Occupant.

§  1821.  Rate  of  interest to project occupant. Any loan made by the
  authority pursuant to this subtitle to a local  development  corporation
  for  a  project  shall  bear  interest at such rate as the authority may
  determine but such rate shall not be less than the  average  annual  net
  interest  cost  to  the  authority,  as  determined by the authority, on
  pollution control bonds the proceeds of which, in  the  opinion  of  the
  authority,  are  available to make such loan, or if no such proceeds are
  then available in a sufficient amount to make  such  loan,  the  average
  annual  net  interest  cost  to  the  authority,  as  determined  by the
  authority not more than six months previous to the making of such  loan,
  which  would  have  been  incurred by the authority on pollution control
  bonds having an average maturity of twenty years if such bonds had  been
  issued on a date within thirty days of such determination. The rental or
  other  amount  required  to  be  paid  by  a project occupant to a local
  development corporation under a lease or other agreement for use of  the
  said  project shall include an interest element computed at such rate as
  the authority shall determine but such rate shall not be less  than  the
  interest  rate  charged  by  the  authority  to  the  local  development
  corporation in accordance with the preceding sentence of this section.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 8 - New York Job Development Authority Subtitle I General Provisions › Sub Title 4 - Subtitle Iv Financial Assistance Generally › 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.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 8 - New York Job Development Authority Subtitle I General Provisions › Sub Title 4 - Subtitle Iv Financial Assistance Generally › 1826 - The Project Occupant.

§  1826.  The  project occupant. The project occupant must be found by
  the authority to be financially responsible and  presumptively  able  to
  comply  with  the  terms  and conditions of any lease, mortgage or other
  agreement  made  by  it  with  the  authority  or  a  local  development
  corporation  in  respect  of  the  project.  In making this finding, the
  authority shall consider all information  reasonably  available  to  it,
  including  information  as  to  the  business  reputation of the project
  occupant, the character and ability of its management, the  adequacy  of
  its  financial  resources,  the  market  demand  for  its  products, the
  adequacy  of  its  distribution  methods,  its  past  earnings  and  the
  likelihood  that  it  can  successfully meet any required payments under
  such lease, mortgage or other agreement out of current income.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 8 - New York Job Development Authority Subtitle I General Provisions › Sub Title 4 - Subtitle Iv Financial Assistance Generally › 1827 - Loans for Multi-Tenant Facilities.

§ 1827. Loans for multi-tenant facilities. When in the judgment of the
  authority   a   need   exists   for  additional  space  for  industrial,
  manufacturing, research and development use or other  eligible  business
  facilities  in  an  area  of  the  state,  it may make a loan to a local
  development  corporation  or  issue  a  loan  guarantee  to  a   banking
  organization  to assist in financing a project for a business enterprise
  which proposes to lease the project to two or more tenants  to  be  used
  for  manufacturing,  industrial or research and development purposes, or
  to be used as an eligible business facility, provided that the authority
  shall make a finding in lieu of the  findings  referred  to  in  section
  eighteen   hundred   twenty-six,   that   such  business  enterprise  is
  financially responsible and presumptively able to comply with any lease,
  mortgage or other agreement made  by  it  with  the  authority,  banking
  organization  or  a local development corporation in connection with the
  project.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 8 - New York Job Development Authority Subtitle I General Provisions › Sub Title 5 - Subtitle v Miscellaneous Provisions › 1830 - Cooperation and Assistance From Other State Agencies.

§  1830.  Cooperation  and  assistance  from other state agencies. The
  department  of  economic  development,  the  department  of  labor,  the
  department  of financial services, the department of state and all other
  state agencies shall cooperate with and  assist  the  authority  in  the
  fulfillment  of  its  corporate  purposes  and  in  the  exercise of its
  corporate powers under this title and may render such  services  to  the
  authority  within  their respective functions as may be requested by the
  authority.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 8 - New York Job Development Authority Subtitle I General Provisions › Sub Title 5 - Subtitle v Miscellaneous Provisions › 1830-A - Conveyance of State Land.

§   1830-a.   Conveyance   of   state  land.  Notwithstanding  section
  thirty-three of  the  public  lands  law  the  commissioner  of  general
  services shall have power, in his discretion, from time to time to grant
  and  convey  to  the authority, upon such terms and conditions including
  consideration as the  commissioner  of  general  services  may  fix  and
  determine,  unappropriated  state  lands,  lands  under water, abandoned
  canal lands and salt springs lands which the authority shall certify  to
  be  in  conformity  with  its corporate purposes. Certification shall be
  evidenced by a formal request from the authority and shall be subject to
  the approval of the director of the budget.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 8 - New York Job Development Authority Subtitle I General Provisions › Sub Title 5 - Subtitle v Miscellaneous Provisions › 1831 - Authority Subject to Certain Other Provisions of Law.

§ 1831. Authority subject to certain other provisions of law.  Nothing
  contained  in  any provision of this title shall be construed to relieve
  the authority  of  the  obligation  on  its  part  to  comply  with  the
  provisions of article nine of the public authorities law in force on the
  effective date of this title.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 8 - New York Job Development Authority Subtitle I General Provisions › Sub Title 5 - Subtitle v Miscellaneous Provisions › 1831-A - Actions.

§  1831-a.  Actions. Except in an action for wrongful death, an action
  against the authority founded on tort shall not be commenced  more  than
  one  year  and ninety days after the cause of action therefor shall have
  accrued, nor unless a notice of claim shall  have  been  served  on  the
  authority  within  the  time  limited by, and in compliance with all the
  requirements of section fifty-e of the general municipal law. An  action
  against   the  authority  for  wrongful  death  shall  be  commenced  in
  accordance with the notice of claim and time  limitation  provisions  of
  title eleven of article nine of this chapter.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 8 - New York Job Development Authority Subtitle I General Provisions › Sub Title 5 - Subtitle v Miscellaneous Provisions › 1832 - Termination of the Authority.

§  1832. Termination of the authority. The authority and its corporate
  existence shall continue until terminated  by  law,  provided,  however,
  that  no  such law shall take effect so long as the authority shall have
  bonds, notes or other obligations outstanding. Upon termination  of  the
  existence  of  the  authority all its rights, property, assets and funds
  shall pass to and be vested in the  state.  For  the  purposes  of  this
  section,  any  appropriation  or  advance  made  to the authority by the
  state, which has  not  been  repaid,  shall  not  be  deemed  to  be  an
  outstanding obligation of the authority.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 8 - New York Job Development Authority Subtitle I General Provisions › Sub Title 5 - Subtitle v Miscellaneous Provisions › 1833 - Title Not Affected if in Part Unconstitutional or Ineffective.

§ 1833. Title not affected if in part unconstitutional or ineffective.
  If  any  subtitle,  section, subdivision, paragraph, sentence, clause or
  provision of this title shall be unconstitutional or be  ineffective  in
  whole  or  in  part,  to  the  extent that it is not unconstitutional or
  ineffective, it shall be valid  or  effective  and  no  other  subtitle,
  section,  subdivision, paragraph, sentence, clause or provision shall on
  account thereof be deemed invalid or ineffective.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 8 - New York Job Development Authority Subtitle I General Provisions › Sub Title 5 - Subtitle v Miscellaneous Provisions › 1834 - Inconsistent Provisions of Other Acts Superseded.

§  1834.  Inconsistent provisions of other acts superseded. Insofar as
  the provisions of this title are inconsistent with the provisions of any
  other act, general or special, the provisions of  this  title  shall  be
  controlling.
2023 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 - Statement of Legislative Findings.

§  1835.  Statement  of  legislative  findings. The legislature hereby
  finds that agriculture is one of the largest industries  in  the  state.
  The  legislature has continuously acknowledged the importance of farming
  by establishing a variety of programs to promote a  strong  agricultural
  economy.  Of  particular  importance to farmers and the rural economy is
  the health of businesses that serve  farmers.  Such  businesses  provide
  processing   and   storage   facilities  for  agricultural  commodities,
  equipment and material  for  use  in  farming  and  other  products  and
  services for farmers.
The  legislature further declares that these businesses are confronted
  by the need to adapt to  rapidly  changing  economic  circumstances  and
  market demands for the goods and services they produce. Their ability to
  adapt  to  and  meet  the challenges of emerging economic conditions and
  market opportunities is  often  impaired  by  high  interest  rates,  an
  uncertain  economic  climate  and  their inability to attract investment
  capital upon reasonable terms. This problem  is  particularly  acute  in
  rural  communities  which  neither  possess  nor  are  able  to  attract
  sufficient capital resources to meet their needs.
Significant  strides  in  assisting  and  promoting  certain  business
  sectors  have  been  made in this state. In this effort, the legislature
  has provided tax exempt financing to reduce interest rates  for  a  wide
  variety  of  economic development programs as well as housing production
  programs. The legislature hereby finds  that  such  financing  of  rural
  agricultural businesses would encourage rural economic activity, provide
  employment  opportunities  and enhance the quality of rural life.  It is
  therefore the purpose of this subtitle to authorize the job  development
  authority  to issue bonds and notes to the investment community in order
  to make loans to lenders which  will,  in  turn,  provide  financing  to
  businesses   that   serve   farmers   and  which  would  otherwise  face
  difficulties in obtaining capital at a reasonable cost for  establishing
  or expanding their enterprises and businesses.
The  legislature  further declares that it is the policy of the state,
  in authorizing the New York job development authority to create a  loans
  to  lenders  program,  to  promote  the  economic  well-being  of  rural
  communities,  expand  opportunities  for  minority   and   women   owned
  businesses  and  enterprises  and  enlarge  the employment opportunities
  available to residents of the state.
2023 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-A - Definitions.

§ 1835-a. Definitions. As used or referred to in this subtitle, unless
  a different meaning appears from the context:
1.  "Borrower"  means  the  person,  firm, partnership, corporation or
  other entity which receives a loan from a lender to pay the  cost  of  a
  business project.
2.  "Agricultural  business  project"  means any land, any building or
  other improvement and any real and personal  properties  located  within
  the  state, including but not limited to, machinery, equipment and other
  facilities deemed necessary or desirable  in  connection  therewith,  or
  incidental   thereto,   whether   or  not  now  in  existence  or  under
  construction,  which  shall  be  used  for  manufacturing,  warehousing,
  research,  commercial,  industrial or other business purposes in support
  of the state's agricultural industry.
3. "Lender" means (a) any organization defined by  subdivision  eleven
  of section two of the banking law, (b) any agency or branch of a foreign
  banking  corporation  licensed  by  the department of financial services
  under article five of the banking law, (c) any  national  bank,  federal
  savings   and  loan  association  and  federal  credit  union,  (d)  any
  authorized insurer defined by subdivision six of  section  four  of  the
  insurance  law and (e) any other institution within the state authorized
  to originate and service loans including, but  not  limited  to,  credit
  unions,  mortgage  loan  companies and the New York business development
  corporation established under article five-A of the banking  law,  which
  shall be treated as a lender for all purposes of this subtitle.
4. "Loan for agricultural business project" means a loan received by a
  borrower  from  a  lender  to  pay  the cost of an agricultural business
  project.
5. "Loan to lender" means a loan made by the authority to a lender and
  evidenced by a bond, note, certificate of deposit or other obligation of
  such lender, secured or unsecured, as provided in this subtitle.
2023 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-B - Additional Powers of the Authority.

§ 1835-b. Additional powers of the authority. The authority shall have
  the  following  additional  powers  only with respect to making loans to
  lenders for the purpose of financing  loans  for  agricultural  business
  projects pursuant to this subtitle:
1.   To   prescribe   standards  and  criteria  for  the  granting  of
  applications for loans to lenders  and  for  the  making  of  loans  for
  agricultural  business  projects,  which  standards  and  criteria shall
  implement the intent and purposes of this subtitle. In  developing  such
  standards   and   criteria   the   authority   shall  consult  with  the
  superintendent of financial services  regarding  the  qualifications  of
  lenders  and  with  the  commissioner of agriculture and markets and the
  commissioner  of  economic  development  regarding  the  standards   and
  criteria for the making of loans for business projects.
2.  To make, and undertake commitments to make, loans to lenders under
  such terms and conditions as shall require the proceeds of such loans to
  lenders to be used by lenders to make loans  for  agricultural  business
  projects;
3.  To  make and execute contracts for the administration or servicing
  of any loan to lender made by the authority and to  pay  the  reasonable
  value of services rendered to the authority pursuant to such contracts;
4.  To  borrow  money and issue bonds and notes as provided in section
  one thousand eight hundred thirty-five-d of this subtitle; and
5. To do any and all things necessary or convenient to carry  out  its
  corporate  purposes  and  exercise  the powers given and granted in this
  subtitle.
2023 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-D - Loans to Lenders Bonds and Notes.

§  1835-d.  Loans  to  lenders bonds and notes. 1. The authority shall
  have the power and is  hereby  authorized,  for  the  purposes  of  this
  subtitle,  to  issue at one time or in series from time to time loans to
  lenders bonds and loans to lenders notes issued in anticipation  of  the
  issuance  of such loans to lenders bonds, including renewals thereof, in
  an aggregate principal amount which shall not at  any  one  time  exceed
  fifty million dollars, excluding loans to lenders bonds issued to refund
  outstanding loans to lenders bonds.
2. Except as may otherwise be expressly provided by the authority, all
  loans  to  lenders  bonds  and notes shall be limited obligations of the
  authority and payable solely from the revenues derived by the  authority
  from loans to lenders.
3.  Loans to lenders bonds and notes shall be authorized by resolution
  of the authority and bear such date or dates, shall mature at such  time
  or  times,  shall  bear interest at such rate or rates, shall be of such
  denominations,  shall  be  in  such  form,   carry   such   registration
  privileges,  be  executed  in such manner, be payable in lawful money of
  the United States of America and at such terms of  redemption  prior  to
  maturity  as  may  be  provided  by  such resolution or resolutions with
  respect to such bonds or notes, as the case may  be;  provided,  however
  that  the  maximum  maturity of such bonds shall not exceed thirty years
  from the date thereof and the maximum maturity  of  such  notes  or  any
  renewals  thereof  shall  not  exceed  seven  years from the date of the
  original issue of such notes.
4. The authority shall have power from time to time to renew loans  to
  lenders  notes  or  to issue loans to lenders notes for such purpose, to
  issue loans to lenders bonds to pay loans to lenders notes, and whenever
  it deems refunding expedient, to refund any loans to  lenders  bonds  by
  the  issuance  of  new  loans  to lenders bonds, whether the bonds to be
  refunded have or have not matured, and may issue loans to lenders  bonds
  partly  to refund loans to lenders bonds then outstanding and partly for
  the purposes specified in this subtitle.  Any  loans  to  lenders  bonds
  issued  for refunding purposes shall be sold and the proceeds applied to
  the purchase, redemption or payment of the bonds to be refunded.
5. Loans to lenders bonds and notes of the authority may  be  sold  by
  the authority at public or private sale in such manner and on such terms
  and  at  such price or prices as the authority shall determine but shall
  not be sold by the authority at private sale unless such  sale  and  the
  terms  thereof  have  been  approved in writing by the comptroller where
  such sale is not to the comptroller, or by the director  of  the  budget
  where such sale is to the comptroller.
2023 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-E - State Not Liable on Loans to Lenders Bonds and Notes.

§  1835-e.  State  not liable on loans to lenders bonds and notes. The
  state shall not be liable on loans to lenders bonds  and  notes  of  the
  authority,  and such bonds and notes shall contain on the face thereof a
  statement to that effect.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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; and
4. are  least speculative, and provide greatest assurance of repayment
  of the loan.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 9 - New York State Energy Research and Development Authority › 1850-A - Legislative Declaration.

§ 1850-a. Legislative declaration. It is hereby declared that the need
  for obtaining and maintaining an adequate and continuous supply of safe,
  dependable  and  economical  power  and  energy  is  a matter of serious
  concern to the people of the state; that accelerated development and use
  within the state of new energy technologies to supplement energy derived
  from existing sources will promote the state's economic growth,  protect
  its  environmental values and be in the best interests of the health and
  welfare of the state's population; and that  such  development  and  use
  requires   special   efforts   to   foster  research,  development,  and
  demonstration in the  methods  of  production  and  use  of  new  energy
  technologies.  The  objective  of  this  title  is  the  development and
  utilization of safe, dependable, renewable and economic  energy  sources
  and the conservation of energy and energy resources.
It  is further declared that implementation of this objective can best
  be effectuated by changing and reconstituting the New York state  atomic
  and  space development authority into the New York state energy research
  and development authority. While maintaining its present commitments  to
  its  bondholders,  the  authority  shall  direct  its efforts toward the
  development  of  new  energy  technologies,  with  special  emphasis  on
  renewable energy sources and energy conservation technologies.
It  is further declared and found that the objective of this title can
  be achieved by (1) continuing the  authority's  authorization  to  issue
  bonds  and  notes  and to lend or otherwise apply the proceeds therefrom
  for the benefit  of  gas  and  power  companies  in  financing  projects
  including,  without limitation, experimental or developmental facilities
  implementing new  energy  technologies,  pollution  control  facilities,
  facilities  required  by  the  public  interest  in development, health,
  recreation, safety, conservation of natural  resources  and  aesthetics,
  and  facilities  for  the  furnishing of electric energy or gas, and (2)
  empowering the authority to  issue  bonds  and  notes  and  to  lend  or
  otherwise  apply  the  proceeds  therefrom  to  finance  special  energy
  projects for the benefit of persons in the state.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 9 - New York State Energy Research and Development Authority › 1853 - Approval Power of the Governor.

§  1853.  Approval  power  of  the governor. 1. No action taken at any
  meeting of the authority shall have force or effect until  the  governor
  shall have an opportunity to approve or veto the same.
2.  For  the purpose of procuring such approval or veto, the authority
  shall by rule designate an officer of the authority to transmit  to  the
  governor  at  the  executive  chamber  in Albany a certified copy of the
  minutes of every meeting of the authority as soon after the  holding  of
  such  meeting  as  such  minutes can be written out. The governor shall,
  within fifteen days after such minutes shall have been delivered to  the
  executive  chamber  as  aforesaid,  cause the same to be returned to the
  authority either with his approval  or  with  his  veto  of  any  action
  therein  recited  as  having  been taken, provided, however, that if the
  governor shall not return the said minutes within the said  period  then
  at  the  expiration  thereof  any action therein recited shall have full
  force and effect according to the wording thereof.
3. If the governor within the said period  returns  the  said  minutes
  with  a  veto against any action recited therein, then such action shall
  be null and void.
4. The governor may by order filed  with  the  authority  relieve  the
  authority from the duty of procuring his approval of its action upon any
  particular matter or class of matters, and thereupon the authority shall
  be relieved from reporting the same to him.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 9 - New York State Energy Research and Development Authority › 1854-B - Low-Level Radioactive Waste Management Facilities.

§  1854-b.  Low-level  radioactive  waste  management  facilities.  In
  addition to those purposes  otherwise  set  forth  in  this  title,  the
  purposes  of  the  authority  shall  include the management of low-level
  radioactive waste. In carrying out that  purpose,  the  authority  shall
  have  the  powers  and  responsibilities  set forth in sections eighteen
  hundred fifty-four-c and eighteen hundred fifty-four-d of this title, in
  addition to those otherwise set forth in this title.