# N.Y. STF Law § 216: Term of program

> New York · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NY_ASTF_A15_S216

## Section

- **Citation:** N.Y. STF Law § 216
- **Heading:** Term of program
- **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 216

## Text

§ 216. Term of program. 1. The program shall exist for a term which\nexpires on the date this article expires pursuant to chapter seven\nhundred five of the laws of nineteen hundred ninety-three which added\nthis article. Linked loans may be made only during the term of the\nprogram and linked deposits shall mature no later than four years after\nthe expiration of the term of the program.\n 2. The authorized depositor may permit funds released from a linked\ndeposit relating to a linked loan to be made available for additional\nlinked deposits under this program.\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_S216. Check the current official text before relying on it. Not legal advice.