1021 - Definitions.

§  1021.  Definitions.  As  used  in this article, any term defined in  article seventeen of this chapter shall have the same meaning herein  as  set  forth  therein  and  the  following  terms shall have the following  meanings:    1. "Federal  assistance"  means  assistance  from  the  Farmer's  Home  Administration  pursuant  to title five of the United States Housing Act  of 1949.    2. "Eligible sponsor" means either a corporation organized pursuant to  the not-for-profit  corporation  law,  a  public  housing  authority  as  defined  pursuant  to  subdivision  two  of  section three of the public  housing law, or an eligible borrower as defined in Title V of the United  States Housing Act of 1949.    3. "Eligible project" means a housing project located in a rural  area  which  is  to  be owned or operated by an eligible sponsor and which has  received (or which the sponsor has demonstrated to the  satisfaction  of  the commissioner will receive) federal assistance.