New York S03736 amends the public authorities law to modify project application requirements and advisory opinions of the public authorities control.

New York S03736 amends the public authorities law to modify project application requirements and advisory opinions of the public authorities control board. It requires that any application concerning a proposed project involving a loan or grant must include, expressly and in writing, the terms and conditions of state appropriations authorized by law pursuant to a repayment agreement or disbursement agreement. The application must also include job retention or job creation requirements, security provisions, and any guarantees associated with the loan or grant.

New York S03736 amends the public authorities law to modify project application requirements and advisory opinions of the public authorities control.

New York S03736 amends the public authorities law to modify project application requirements and advisory opinions of the public authorities control board. It requires that any application concerning a proposed project involving a loan or grant must include, expressly and in writing, the terms and conditions of state appropriations authorized by law pursuant to a repayment agreement or disbursement agreement. The application must also include job retention or job creation requirements, security provisions, and any guarantees associated with the loan or grant.