BILL NO A05449
SAME AS No same as
SPONSOR Rivera P (MS)
COSPNSR Towns, Alfano, Schroeder
MLTSPNSR Aubry, Barra, Brennan, Cahill, Canestrari, Christensen, Clark,
Englebright, Heastie, John, Koon, Magee, McEneny, Millman, Morelle,
Pheffer, Pretlow, Rivera J
Amd SS213 & 219, St Fin L
Authorizes the comptroller and the commissioner of taxation and finance to make
linked deposits with lenders to a series of eligible businesses, so long as no
individual loan exceeds $50,000; authorizes excelsior linked deposit loans to
be made to a series of eligible businesses, with no individual load exceeding
$50,000, and such loans may be used for financing or refinancing a small
business in distressed communities.
