N.Y. Public Authorities Law § 1836-a: Legislative findings

§ 1836-a. Legislative findings. The legislature hereby finds and

declares that the health, safety and general welfare of the people of

this state are directly dependent upon the state economy, and that one

of the principal problems of our present economy is the permanent

closing of industrial and manufacturing plants, and their relocation out

of state, which results in the loss of jobs and increasing unemployment.

It is the purpose of this subtitle to encourage the employees of

plants that are about to be permanently closed, or relocated, to acquire

such plants and to continue to operate them as employee-owned

enterprises, thereby retaining the jobs that would otherwise be lost,

and strengthening the economic base of this state.