# N.Y. STF Law § 215: Responsibilities of commissioner of economic development, comptroller, commissioner of taxation and finance and superintendent of financi..

> New York · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S215

## Section

- **Citation:** N.Y. STF Law § 215
- **Heading:** Responsibilities of commissioner of economic development, comptroller, commissioner of taxation and finance and superintendent of financi..
- **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 215

## Text

§ 215. Responsibilities of commissioner of economic development,\ncomptroller, commissioner of taxation and finance and superintendent of\nfinancial services. 1. The commissioner of economic development shall\nadminister the program pursuant to section two hundred nineteen of this\narticle, including all decisions with respect to the application and use\nof the program for eligible projects; market and promote the program\npursuant to section two hundred twenty-three of this article; after\nconsulting with the comptroller, the commissioner of taxation and\nfinance and the superintendent of financial services, issue rules and\nregulations for the operation of the program pursuant to section two\nhundred twenty-four of this article.\n 2. The comptroller's responsibilities for the program shall be limited\nto: pursuant to sections two hundred fourteen and two hundred nineteen\nof this article, placing moneys on deposit at the request of the\ncommissioner of economic development for the purposes of the program and\nadministering such deposits in accordance with sections ninety-eight-a\nand one hundred five of this chapter and with the comptroller's\nestablished procedures; and entering into deposit agreements with\nlenders pursuant to section two hundred nineteen of this article.\n 3. The commissioner of taxation and finance's responsibilities for the\nprogram shall be limited to: pursuant to sections two hundred fourteen\nand two hundred nineteen of this article, placing linked deposit program\nfund moneys on deposit at the request of the commissioner of economic\ndevelopment for the purposes of the program and administering such\ndeposits in accordance with sections ninety-eight-a and one hundred five\nof this chapter and with the commissioner of taxation and finance's\nestablished procedures; and entering into deposit agreements with\nlenders pursuant to section two hundred nineteen of this article.\n 4. The superintendent of financial services' responsibilities for the\nprogram shall be limited to marketing and promoting the program pursuant\nto section two hundred twenty-three of this article.\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_S215. Check the current official text before relying on it. Not legal advice.