Section 216. Term of program  


Latest version.
  • 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.