MLTSPNSR | Aubry, Barra, Brennan, Cahill, Canestrari, Christensen, Clark, Englebright, Heastie, John, Koon,
Magee, McEneny, Millman, Morelle, Pheffer, Pretlow, Rivera J |
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. |