# N.Y. STF Law § 214: Establishment and purpose; linked deposit program authorization

> New York · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S214

## Section

- **Citation:** N.Y. STF Law § 214
- **Heading:** Establishment and purpose; linked deposit program authorization
- **Jurisdiction:** New York
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** New York Code / Act STF / Article 15 / Section 214

## Text

§ 214. Establishment and purpose; linked deposit program\nauthorization. The excelsior linked deposit program is hereby created.\nThe purpose of the program is to encourage and assist eligible\nbusinesses within the state to undertake eligible projects that will\nmaterially contribute to improving their performance and\ncompetitiveness. The comptroller is hereby authorized to use any moneys\nof the state the comptroller is authorized to invest pursuant to section\nninety-eight-a of this chapter as linked deposits for the program. Not\nmore than one billion dollars of such moneys shall be on deposit\npursuant to the program at any given time. The commissioner of taxation\nand finance is hereby authorized to use funds in the linked deposit\nprogram fund established pursuant to section ninety-two-v of this\nchapter as linked deposits for the program. Not more than one hundred\nmillion dollars from the linked deposit program fund shall be on deposit\npursuant to the program at any given time.\n

## Nearby sections

- [N.Y. STF Law § 212 Short title](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S212.md)
- [N.Y. STF Law § 213 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S213.md)
- [N.Y. STF Law § 214 Establishment and purpose; linked deposit program authorization](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S214.md)
- [N.Y. STF Law § 215 Responsibilities of commissioner of economic development, comptroller, commissioner of taxation and finance and superintendent of financi...](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S215.md)
- [N.Y. STF Law § 216 Term of program](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S216.md)
- [N.Y. STF Law § 217 Linked loans](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S217.md)
- [N.Y. STF Law § 218 Interest rate for linked loans; no lender's fees](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S218.md)
- [N.Y. STF Law § 219 Application procedure](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S219.md)
- [N.Y. STF Law § 220 Renewal of linked deposit](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S220.md)
- [N.Y. STF Law § 221 Liability; early repayment and withdrawal](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S221.md)
- [N.Y. STF Law § 222 Monitoring and report](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S222.md)
- [N.Y. STF Law § 223 Promotion of program](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S223.md)
- [N.Y. STF Law § 224 Rules and regulations](https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S224.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S214. Check the current official text before relying on it. Not legal advice.