New York Statutes

§ 10 — Monies of the corporation relating to health facilities improvement program

New York·Law FDC Facilities Development Corporation Act 359/68
§ 10. Monies of the corporation relating to health facilities\nimprovement program. Subject to the terms of any agreement between the\ncorporation and the state housing finance agency or the state medical\ncare facilities finance agency, as the case may be, and except as\notherwise authorized or provided by section nine of this act, all monies\nreceived by the corporation shall be paid to the commissioner of\ntaxation and finance as agent of the corporation who shall not commingle\nsuch monies with any other monies. Such monies shall be deposited in a\nseparate bank account or accounts. The monies in such account shall be\npaid out on checks signed by the commissioner of taxation and finance on\nrequisition of the chairman of the corporation or such other officer or\nemployee or officers

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