5 CRR-NY 160.5NY-CRR

OFFICIAL COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 5. DEPARTMENT OF ECONOMIC DEVELOPMENT
CHAPTER XVI. EXCELSIOR LINKED DEPOSIT PROGRAM
PART 160. ADMINISTRATION, APPLICATION AND EVALUATION
5 CRR-NY 160.5
5 CRR-NY 160.5
160.5 Evaluation criteria.
The commissioner shall evaluate all linked deposit applications based upon the following:
(a) the eligibility of the borrower for the program;
(b) the eligibility of the project for which the loan has been sought for the program;
(c) the significance of the eligible project for improving the competitive position and profitability of the eligible business;
(d) the importance of a reduced cost of borrowing through a linked loan to the ability of the eligible business to undertake the eligible project; and
(e) the number of jobs likely to be created or retained, or other substantial economic benefits likely to be achieved as a result of the eligible project.
5 CRR-NY 160.5
Current through October 15, 2021
End of Document