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NEW YORK STATUTES AND CODES

1836-D - Loan preferences.

§ 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 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.

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