Terms Used In N.Y. State Finance Law 235

• Linked deposit: means financial assistance undertaken by the corporation for the construction of an eligible project through a deposit, or for a farm credit system institution an investment eligible to be held by such institution, placed with a lender by the corporation bearing interest at the linked deposit interest rate, provided the lender has agreed to:
  
  (a) lend the equivalent value of such deposit to an eligible borrower at the linked loan interest rate; and
  
  (b) permit the deposit to be comprised of a series of certificates of deposit each bearing an interest rate equal to the linked deposit interest rate fixed at the time the original linked deposit is placed. See N.Y. State Finance Law 236
• Program: means the water pollution control linked deposit program. See N.Y. State Finance Law 236