Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2026 | Updated by Findlaw Staff
a. A local development corporation may request a loan from the authority pursuant to the provisions of this title by filing an application therefor, which shall be verified by an officer of the corporation duly authorized so to do, in such form and with such exhibits and supporting data as the authority may prescribe and by paying the fees or charges, if any, established by the authority to defray the cost of investigating and processing applications for loans and to the extent that the application contains information or representations provided to or made to the corporation by the project occupant or by a business enterprise described in section eighteen hundred twenty-seven of this title, such officer, in such application, shall, in a form to be prescribed by the authority, certify the nature of the corporation's review of such information and representations.
b. A banking organization may request a loan guarantee from the authority pursuant to the provisions of this title by filing an application therefor, which shall be verified by an officer of the banking organization duly authorized to do so, in such form and with such exhibits and supporting data as the authority may prescribe and by paying the fees or charges, if any, established by the authority to defray the cost of investigating and processing applications for loan guarantees.
Cite this article: FindLaw.com - New York Consolidated Laws, Public Authorities Law - PBA § 1824. Applications for loans and for loan guarantees - last updated January 01, 2026 | https://codes.findlaw.com/ny/public-authorities-law/pba-sect-1824/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)