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  • SECTION 17
    Remedies of holders of bonds and notes
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  • CHAPTER 1016
    New York City health and hospitals corporation act 1016/69
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  • SECTION 19
    Exemption from taxation
    • This entry was published on 2014-09-22
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    SECTION 18

    Assistance to the corporation

    New York City Health and Hospitals Corporation Act 1016/69 (HHC) CHAPTER 1016

    § 18. Assistance to the corporation. The state or city shall be
    empowered to make grants of money or property to the corporation for the
    purpose of enabling it to carry out its corporate purposes and for the
    exercise of its powers, including, but not limited to, deposits to the
    capital reserve fund to assist the corporation in maintaining the said
    capital reserve fund in the amounts required by section thirteen.
    Nothing in this section shall be interpreted as implying that in the
    absence thereof the state or city would not be empowered to make such
    grants to the corporation.