Chapter 392 of the laws of 1973

NEW YORK STATE MEDICAL CARE FACILITIES

FINANCE AGENCY ACT
Section 1. Short title.

2. Declaration of policy and statement of purposes.

3. Definitions.

4. New York state medical care facilities finance agency.

5. Powers of the agency.

5-a. Federally-aided mortgage loans.

5-b. Equipment loans.

5-b. Health maintenance organization loans.

5-c. Terms and conditions regarding alternative indebtedness.

5-d. Financing non-profit housing and health facilities.

6. Bonds and notes of the agency.

7. Hospital and nursing home projects reserve funds and

appropriations.

7-a. Secured hospital projects reserve funds and

appropriations.

8. Health facilities reserve funds and appropriations.

9. Special provisions relating to the municipal health

facilities improvement program.

9-a. Special provisions relating to mental health services

facilities improvement bonds and notes.

10. Bonds and notes as legal investments.

11. Exemption from taxation of property and income.

12. Exemption from taxation of notes and bonds.

13. Agreement with the state.

14. State's right to require redemption of bonds.

15. Remedies of noteholders and bondholders.

16-a. Equal employment opportunity program.

16-b. Minority and women-owned business enterprise program.

17. Assistance by state officers, departments, boards and

commissions.

18. Annual report.

19. Bond reserve insurance fund.

20. Actions against agency.

21. Act not affected if in part unconstitutional.

22. Inconsistent provisions in other laws superseded.