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This entry was published on 2014-09-22
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SECTION 215
Responsibilities of commissioner of economic development, comptroller, commissioner of taxation and finance and superintendent of financi...
State Finance (STF) CHAPTER 56, ARTICLE 15
§ 215. Responsibilities of commissioner of economic development,
comptroller, commissioner of taxation and finance and superintendent of
financial services. 1. The commissioner of economic development shall
administer the program pursuant to section two hundred nineteen of this
article, including all decisions with respect to the application and use
of the program for eligible projects; market and promote the program
pursuant to section two hundred twenty-three of this article; after
consulting with the comptroller, the commissioner of taxation and
finance and the superintendent of financial services, issue rules and
regulations for the operation of the program pursuant to section two
hundred twenty-four of this article.

2. The comptroller's responsibilities for the program shall be limited
to: pursuant to sections two hundred fourteen and two hundred nineteen
of this article, placing moneys on deposit at the request of the
commissioner of economic development for the purposes of the program and
administering such deposits in accordance with sections ninety-eight-a
and one hundred five of this chapter and with the comptroller's
established procedures; and entering into deposit agreements with
lenders pursuant to section two hundred nineteen of this article.

3. The commissioner of taxation and finance's responsibilities for the
program shall be limited to: pursuant to sections two hundred fourteen
and two hundred nineteen of this article, placing linked deposit program
fund moneys on deposit at the request of the commissioner of economic
development for the purposes of the program and administering such
deposits in accordance with sections ninety-eight-a and one hundred five
of this chapter and with the commissioner of taxation and finance's
established procedures; and entering into deposit agreements with
lenders pursuant to section two hundred nineteen of this article.

4. The superintendent of financial services' responsibilities for the
program shall be limited to marketing and promoting the program pursuant
to section two hundred twenty-three of this article.