Public Authorities Law § 1827 · Subtitle 4. Financial Assistance Generally
Loans for multi-tenant facilities
Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
§ 1827. Loans for multi-tenant facilities. When in the judgment of the authority a need exists for additional space for industrial, manufacturing, research and development use or other eligible business facilities in an area of the state, it may make a loan to a local development corporation or issue a loan guarantee to a banking organization to assist in financing a project for a business enterprise which proposes to lease the project to two or more tenants to be used for manufacturing, industrial or research and development purposes, or to be used as an eligible business facility, provided that the authority shall make a finding in lieu of the findings referred to in section eighteen hundred twenty-six, that such business enterprise is financially responsible and presumptively able to comply with any lease, mortgage or other agreement made by it with the authority, banking organization or a local development corporation in connection with the project.
Source of truth
- Edition
- Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/PBA1827
- Text hash
- sha256 c5f34bb6bc1892c2d5782979cfa2ca29dafcbbd04c8d3f89900ec10fb410917d
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.