§ 10. Monies of the corporation relating to health facilities
improvement program. Subject to the terms of any agreement between the
corporation and the state housing finance agency or the state medical
care facilities finance agency, as the case may be, and except as
otherwise authorized or provided by section nine of this act, all monies
received by the corporation shall be paid to the commissioner of
taxation and finance as agent of the corporation who shall not commingle
such monies with any other monies. Such monies shall be deposited in a
separate bank account or accounts. The monies in such account shall be
paid out on checks signed by the commissioner of taxation and finance on
requisition of the chairman of the corporation or such other officer or
employee or officers or employees as the corporation shall authorize to
make such requisitions. All deposits of such monies shall, if required
by the commissioner of taxation and finance, the state housing finance
agency or the state medical care facilities finance agency, be secured
by obligations of the United States or of the state of a market value
equal at all times to the amount of the deposit and all banks and trust
companies are authorized to give such security for such deposits.
Subject to the terms of any agreement between the corporation and the
state housing finance agency or the state medical care facilities
finance agency, as the case may be, the corporation shall have power to
invest any such monies not required for immediate use or disbursement in
obligations of the state or the United States government or obligations,
the principal and interest of which are guaranteed by the state or the
United States government, or invested in accordance with the provisions
of section 98-a of the state finance law.