N.Y. New York City health and hospitals corporation act 1016/69 § 7-a: Relationship with the New York state and the housing finance agency health and mental hygiene facilities improvement corporation

§ 7-a. Relationship with the New York state and the housing finance

agency health and mental hygiene facilities improvement corporation.

Notwithstanding any provision of this act to the contrary:

(a) The city shall not sell, assign, transfer or sublet to the

corporation any health facility, as defined in section three of the

health and mental hygiene facilities improvement act, located at or

related to or constituting a hospital, as defined in article

twenty-eight of the public health law, if such health facility is

subject to any lease, sublease or other agreement between the city and

the New York state housing finance agency, provided however, nothing

herein shall prohibit the licensing or other operating agreement for the

health facility so long as the city does not surrender possession

thereof and that the city continues to remain liable and obligated to

observe and perform each and every covenant, agreement, obligation and

undertaking required to be observed and performed by the city pursuant

to the provisions of any lease, sublease or other agreement between the

city and the New York state housing finance agency.

(b) The corporation is authorized to sell or lease to the agency any

real property for the purpose of causing health facilities to be

constructed, reconstructed, rehabilitated or improved by the health and

mental hygiene facilities improvement corporation and the New York state

housing finance agency pursuant to a lease, sublease or other agreement

between the city and the New York state housing finance agency as

provided in the health and mental hygiene facilities improvement act and

article three of the private housing finance law.