§ 2307. Additional prerequisites to the provision of financial
assistance. Prior to providing any financial assistance of more than one
hundred thousand dollars to any project, the authority must comply with
the following prerequisites:

1. The authority must adopt a resolution describing the project and
the financial assistance that the authority is contemplating with
respect to such project. Such assistance shall be consistent with the
uniform tax exemption policy adopted by the agency pursuant to
subdivision one of section twenty-three hundred fifteen of this chapter,
unless the agency has followed procedures for deviation from such policy
specified in subdivision two of such section.

1-a. The authority shall deliver a copy of the resolution adopted
pursuant to subdivision one of this section by certified mail, return
receipt requested or an electronic correspondence with a read-receipt,
to the chief executive officer of each affected tax jurisdiction. When
the affected tax jurisdiction is a school district, the authority shall
deliver a copy of such resolution by certified mail, return receipt
requested or an electronic correspondence with a read-receipt, to the
district clerk and district superintendent of each affected school
district.

2. The authority must hold a public hearing with respect to the
project and the proposed financial assistance being contemplated by the
authority. At said public hearing, interested parties shall be provided
reasonable opportunity, both orally and in writing, to present their
views with respect to the project.

3. The authority must give at least ten days published notice of said
public hearing and shall, at the same time, provide notice of such
hearing to the chief executive officer of each affected tax
jurisidiction within which the project is located. The notice of hearing
must state the time and place of the hearing, contain a general,
functional description of the project, describe the prospective location
of the project, identify the initial owner, operator or manager of the
project and generally describe the financial assistance contemplated by
the authority with respect to the project.

4. The authority shall establish a procedure for compliance with the
notification requirements, including identification of the notification
method, of subdivision one-a of this section and subdivision two of
section twenty-three hundred fifteen of this title.