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The Laws of New York
Consolidated Laws of New York
CHAPTER 56
State Finance
ARTICLE 15
Excelsior Linked Deposit Act
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SECTION 215
Responsibilities of commissioner of economic development, comptroller, commissioner of taxation and finance and superintendent of financi...
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ARTICLE 15
Excelsior Linked Deposit Act
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SECTION 217
Linked loans
This entry was published on 2014-09-22
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SECTION 216
Term of program
State Finance (STF) CHAPTER 56, ARTICLE 15
§ 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.