N.Y. Public Authorities Law 1836-F – Repayment of loans; interest
Current as of: 2024 | Check for updates
|
Other versions
§ 1836-f. Repayment of loans; interest. The entire amount loaned shall be repaid by the employee ownership association to the authority or its designee.
Terms Used In N.Y. Public Authorities Law 1836-F
- Authority: means the job development authority created by section one thousand eight hundred two of this chapter. See N.Y. Public Authorities Law 1836-B
- Employee ownership association: means a corporation or other association formed by or on behalf of the employees of an industrial or manufacturing plant located in this state for the purpose of assuming ownership or control of the plant and operating it as an employee-owned enterprise or as a worker cooperative as defined in § 81 of the cooperative corporations law. See N.Y. Public Authorities Law 1836-B