Section 215. Responsibilities of commissioner of economic development, comptroller, commissioner of taxation and finance and superintendent of banks  


Latest version.
  • 1. The commissioner of economic development shall administer the
      program pursuant to  section  two  hundred  nineteen  of  this  article,
      including  all  decisions with respect to the application and use of the
      program for eligible projects; market and promote the  program  pursuant
      to  section  two  hundred twenty-three of this article; after consulting
      with the comptroller, the commissioner of taxation and finance  and  the
      superintendent  of  banks, issue rules and regulations for the operation
      of the program pursuant to  section  two  hundred  twenty-four  of  this
      article.
        2. The comptroller's responsibilities for the program shall be limited
      to:  pursuant  to sections two hundred fourteen and two hundred nineteen
      of this article, placing  moneys  on  deposit  at  the  request  of  the
      commissioner of economic development for the purposes of the program and
      administering  such  deposits in accordance with sections ninety-eight-a
      and one  hundred  five  of  this  chapter  and  with  the  comptroller's
      established  procedures;  and  entering  into  deposit  agreements  with
      lenders pursuant to section two hundred nineteen of this article.
        3. The commissioner of taxation and finance's responsibilities for the
      program shall be limited to: pursuant to sections two  hundred  fourteen
      and two hundred nineteen of this article, placing linked deposit program
      fund  moneys  on  deposit at the request of the commissioner of economic
      development for the purposes  of  the  program  and  administering  such
      deposits in accordance with sections ninety-eight-a and one hundred five
      of  this  chapter  and  with  the commissioner of taxation and finance's
      established  procedures;  and  entering  into  deposit  agreements  with
      lenders pursuant to section two hundred nineteen of this article.
        4. The superintendent of banks' responsibilities for the program shall
      be  limited  to  marketing and promoting the program pursuant to section
      two hundred twenty-three of this article.