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Public Records › OCIDA › Bylaws policies

Credit and Loan Policy — Credit & Loan Policy (1-25) FINAL

Catalog date 2025-01-09 · PDF · 121 words · catalog collection 2026-08-07 Official copy↗ Archived PDF Plain text Mentions

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POLICY PROHIBITING EXTENSION OF CREDIT TO

BOARD MEMBERS, OFFICERS AND EMPLOYEES

Pursuant to Section 2824(5) of the New York State Public Authorities Law, the Board of the Onondaga County Industrial Development Agency (the “Agency”) shall not directly or indirectly, including through any subsidiary, extend or maintain credit, arrange for the extension of credit or renew an extension of credit, in the form of a personal loan to or for any officer, board member or employee (or equivalent thereof) of the Agency. No officer, director or employee of the Agency shall accept or arrange for any loan or extension of credit from the Agency or any affiliate of the Agency.

Adopted: [__________], 2025

1 Credit and Loan Policy – Revised January 2025

Same source Credit and Loan Policy · 2025-01-09