§ 2871. Policy and purposes of article. Many hospitals and other
health facilities throughout the state are becoming obsolete and are no
longer adequate to meet the needs of modern medicine. As a result of
rapid technological changes, such facilities require substantial
structural or functional changes. Others are unsuited for continued use
by virtue of their location and the physical characteristics of their
existing plants and should be replaced. Such inadequate and outmoded
facilities deny to the people of the state the benefits of health care
of the highest quality, efficiently and promptly provided at a
reasonable cost. Their replacement and modernization is essential to
protect and prolong the lives of the state's population and cannot
readily be accomplished by the ordinary unaided operation of private
enterprise.

It is the purpose of this article to encourage the timely construction
and modernization, including the equipment, of hospital and other health
facilities, which are necessary for the diagnosis or treatment of human
disease, pain, injury, disability, deformity or physical condition, and
of facilities incidental or appurtenant thereto, with mortgage loan
participation by the New York state housing finance agency, all in
furtherance of article seventeen of the constitution. It is hereby
declared to be the policy of the state to encourage the provision of
modern, well-equipped health facilities, and such provision is hereby
declared to be a public use and purpose.