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2015 New York Laws
STF - State Finance
Article 15 - (State Finance) EXCELSIOR LINKED DEPOSIT ACT
216 - Term of program.

NY State Fin L § 216 (2015) What's This?
  216.  Term  of program. 1. The program shall exist for a term which
  expires on the date this  article  expires  pursuant  to  chapter  seven
  hundred  five  of  the laws of nineteen hundred ninety-three which added
  this article. Linked loans may be made  only  during  the  term  of  the
  program  and linked deposits shall mature no later than four years after
  the expiration of the term of the program.

2. The authorized depositor may permit funds released  from  a  linked
  deposit  relating  to  a linked loan to be made available for additional
  linked deposits under this program.

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