New York A07039 amends the public authorities law to require project applications involving loans to include repayment terms and conditions of state.

New York A07039 amends the public authorities law to mandate that any application concerning a proposed project involving a loan must include, to the extent practicable, the terms, conditions, and dates of the repayment of state appropriations. This applies to projects submitted to the public authorities control board. The bill also requires that any application concerning a proposed project involving a grant must include, to the extent practicable, specific details such as job retention or creation requirements, interest rates, and descriptions of sources and uses of funds.

New York A07039 amends the public authorities law to require project applications involving loans to include repayment terms and conditions of state.

New York A07039 amends the public authorities law to mandate that any application concerning a proposed project involving a loan must include, to the extent practicable, the terms, conditions, and dates of the repayment of state appropriations. This applies to projects submitted to the public authorities control board. The bill also requires that any application concerning a proposed project involving a grant must include, to the extent practicable, specific details such as job retention or creation requirements, interest rates, and descriptions of sources and uses of funds.