N.Y. Comp. Codes R. & Regs. tit. 21 § 2607.1

Current through Register Vol. 46, No. 50, December 11, 2024

Section 2607.1 - Purpose, scope and applicability

(a) The purpose of this Part is to provide rules and procedures for the New York State Environmental Facilities Corporation (corporation) to provide financing to beginning farmers from the New York Beginning Farmer Loan Program (NYBFLP) created by chapter 366 of the Laws of 2004. This program is intended to allow beginning farmers to obtain reduced interest rate loans for qualified purposes by obtaining loan funds from the proceeds of a tax-exempt bond issued by the corporation.

(b) This Part applies to all persons seeking or receiving financing from the NYBFLP and to the activities of the corporation in the discharge of its duties relating to the NYBFLP.

N.Y. Comp. Codes R. & Regs. Tit. 21 § 2607.1