New York Statutes

§ 8-A — Provisions relating to agreements with certain non-profit corporations

New York·Law FDC Facilities Development Corporation Act 359/68

§ 8-A. Provisions relating to agreements with certain non-profit\ncorporations.

1.The corporation is authorized to enter into an\nagreement, at the request of the commissioner of health, with\ncorporations which are eligible borrowers as defined in article 28-B of\nthe public health law providing for such services and such compensation\nas shall be approved by the commissioner of health incident to an\napplication for a mortgage loan pursuant to the provisions of article\n28-B of the public health law. As a condition prerequisite to any such\nagreement, the commissioner of health shall have certified as to the\npublic need for the proposed facility.\n 2. The corporation is authorized to enter into an agreement, with the\napproval of the commissioner of health, with a non-profit corpora

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