New York PVH Code § 47-D

Health facilities bonds and notes
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§ 47-d. Health facilities bonds and notes. 1. Definitions. For the\npurposes of section forty-seven and this section:\n  a. "Municipality" means a county, city or town constituting a social\nservices district as defined in sections two, sixty-one, seventy-five\nand seventy-five-a of the social services law, or any two or more of the\nforegoing which are acting jointly to provide a health facility or\nhealth facilities.\n  b. "Health facility" means a building, a unit within a building, a\nlaboratory, a classroom, a housing unit, a dining hall, an activities\ncenter, a library, or any structure on or improvement to real property\nof any kind or description, including fixtures and equipment which are\nan integral part of any such building, unit, structure or improvement, a\nwalkway, a roadway or a parking lot, and improvements and connections\nfor water, sewer, gas, electrical, telephone, heating, air conditioning\nand other utility services, or a combination of any of the foregoing,\nwhether for patient care and treatment of staff, staff family or service\nuse, located at or related to or constituting a hospital of, and located\nin, a municipality.\n  c. "Health facilities bonds" and "health facilities notes" shall mean\nbonds and notes, respectively, issued by the agency pursuant to\nsubdivision two of this section.\n  d. "Health facilities improvement program" shall mean a program\nundertaken by the agency and the health and mental hygiene facilities\nimprovement corporation for the purpose of constructing, acquiring,\nreconstructing, rehabilitating or improving health facilities or causing\nsuch facilities to be constructed, acquired, reconstructed,\nrehabilitated or improved pursuant to the health and mental hygiene\nfacilities improvement act and this article.\n  2. Additional powers of the agency. In accordance with any agreement\nentered into pursuant to this article and the health and mental hygiene\nfacilities improvement act: a. The agency shall have powers: (i) to\nlease or purchase one or more existing health facilities from a\nmunicipality and cause such facility or facilities to be reconstructed,\nrehabilitated or improved by the health and mental hygiene facilities\nimprovement corporation, created by the health and mental hygiene\nfacilities improvement act, as its agent or, on any real property leased\nor purchased from a municipality to cause one or more health facilities\nto be constructed by the health and mental hygiene facilities\nimprovement corporation as its agent; (ii) to lease or purchase from any\nperson, firm or corporation real property for the purpose of causing\nhealth facilities to be constructed, reconstructed, rehabilitated or\nimproved by the health and mental hygiene facilities improvement\ncorporation as its agent; (iii) to lease or sublease to a municipality\nhealth facilities which have been constructed, acquired, reconstructed,\nrehabilitated or improved by the agency pursuant to this article and the\nhealth and mental hygiene facilities improvement act; and (iv) to do all\nor any combination of the foregoing.\n  b. The agency shall have power and is hereby authorized from time to\ntime to issue negotiable bonds and notes in such principal amount as, in\nthe opinion of the agency, shall be necessary, after taking into account\nother monies which may be available for the purpose, to provide\nsufficient funds for the construction, acquisition, reconstruction,\nrehabilitation or improvement of health facilities pursuant to this\nsubdivision two, the payment of interest on health facilities bonds and\nhealth facilities notes issued for such purposes, the establishment of\nreserves to secure such bonds and notes, and all other expenditures of\nthe agency incident to and necessary or convenient for any such\nconstruction, acquisition, reconstruction, rehabilitation or\nimprovement, provided, however, that the agency shall not issue health\nfacilities bonds and health facilities notes in an agg

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