New York Public Authorities Law Sub Title 6 - SUBTITLE VI EMPLOYEE OWNERSHIP ASSISTANCE

• 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...
• 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....
• 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...
• 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...
• 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...
• 1836-f - Repayment of Loans; Interest.
  The entire amount loaned shall be repaid by the employee ownership association to the authority or its designee.
• 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....

Last modified: February 3, 2019