5 CRR-NY 130.2NY-CRR

OFFICIAL COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 5. DEPARTMENT OF ECONOMIC DEVELOPMENT
CHAPTER XIII. EXPORT FINANCE SERVICE
PART 130. ADMINISTRATION
5 CRR-NY 130.2
5 CRR-NY 130.2
130.2 Definitions.
(a) Commissioner means the Commissioner of Economic Development.
(b) Department means the Department of Economic Development.
(c) Eligible participant means a sole proprietorship, partnership, corporation or other business organization which offers for sale goods or services which are likely to be in demand in international markets and are substantially produced in New York.
(d) Export finance means pre-order financing to support market development activities prior to an export sale, working capital to support the acquisition of inventory and other expenditures to finance the production of goods for export, accounts receivable financing to cover the costs between shipping goods and receiving payment from an export sale, customer financing to provide medium- and long-term financing to foreign buyers, and export insurance to insure sellers and buyers for risks associated with export transactions.
(e) Public and private organizations means commercial banks, insurance companies, the Small Business Administration, the Export-Import Bank of the United States, the New York Job Development Authority, the Port Authority of New York and New Jersey, the New York Business Development Corporation, other international, Federal, State, regional and local economic development organizations and other organizations identified by the commissioner as potential providers of export finance.
(f) Service means the Export Finance Service.
5 CRR-NY 130.2
Current through October 15, 2021
End of Document