1835-A - Definitions.

§ 1835-a. Definitions. As used or referred to in this subtitle, unless  a different meaning appears from the context:    1.  "Borrower"  means  the  person,  firm, partnership, corporation or  other entity which receives a loan from a lender to pay the  cost  of  a  business project.    2.  "Agricultural  business  project"  means any land, any building or  other improvement and any real and personal  properties  located  within  the  state, including but not limited to, machinery, equipment and other  facilities deemed necessary or desirable  in  connection  therewith,  or  incidental   thereto,   whether   or  not  now  in  existence  or  under  construction,  which  shall  be  used  for  manufacturing,  warehousing,  research,  commercial,  industrial or other business purposes in support  of the state's agricultural industry.    3. "Lender" means (a) any organization defined by  subdivision  eleven  of section two of the banking law, (b) any agency or branch of a foreign  banking  corporation  licensed  by  the banking department under article  five of the banking law, (c) any national bank, federal savings and loan  association and federal credit union, (d) any authorized insurer defined  by subdivision six of section four of the  insurance  law  and  (e)  any  other  institution  within the state authorized to originate and service  loans including, but  not  limited  to,  credit  unions,  mortgage  loan  companies  and the New York business development corporation established  under article five-A of the banking law, which shall  be  treated  as  a  lender for all purposes of this subtitle.    4. "Loan for agricultural business project" means a loan received by a  borrower  from  a  lender  to  pay  the cost of an agricultural business  project.    5. "Loan to lender" means a loan made by the authority to a lender and  evidenced by a bond, note, certificate of deposit or other obligation of  such lender, secured or unsecured, as provided in this subtitle.