Legislation
SECTION 18
Assistance to the corporation
New York City Health and Hospitals Corporation Act 1016/69 (HHC) CHAPTER 1016
§ 18. Assistance to the corporation. The state or city shall be
empowered to make grants of money or property to the corporation for the
purpose of enabling it to carry out its corporate purposes and for the
exercise of its powers, including, but not limited to, deposits to the
capital reserve fund to assist the corporation in maintaining the said
capital reserve fund in the amounts required by section thirteen.
Nothing in this section shall be interpreted as implying that in the
absence thereof the state or city would not be empowered to make such
grants to the corporation.
empowered to make grants of money or property to the corporation for the
purpose of enabling it to carry out its corporate purposes and for the
exercise of its powers, including, but not limited to, deposits to the
capital reserve fund to assist the corporation in maintaining the said
capital reserve fund in the amounts required by section thirteen.
Nothing in this section shall be interpreted as implying that in the
absence thereof the state or city would not be empowered to make such
grants to the corporation.