Public-domain · open source
OpenJurist

N.Y. State Fin. Law § 216

Term of program

2014-09-22

§ 216. Term of program. 1. The program shall exist for a term which\nexpires on the date this article expires pursuant to chapter seven\nhundred five of the laws of nineteen hundred ninety-three which added\nthis article. Linked loans may be made only during the term of the\nprogram and linked deposits shall mature no later than four years after\nthe expiration of the term of the program.\n 2. The authorized depositor may permit funds released from a linked\ndeposit relating to a linked loan to be made available for additional\nlinked deposits under this program.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.