Laws of New York (Last Updated: November 21, 2014) |
PBA Public Authorities |
Article 8. MISCELLANEOUS AUTHORITIES |
Title 8. NEW YORK JOB DEVELOPMENT AUTHORITY SUBTITLE I GENERAL PROVISIONS |
SubTitle 6. SUBTITLE VI EMPLOYEE OWNERSHIP ASSISTANCE |
Section 1836-D. Loan preferences
Latest version.
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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.