HHC - New York City health and hospitals corporation act 1016/69

                        Chapter 1016 of the laws of 1969    NEW YORK CITY HEALTH AND HOSPITALS CORPORATION ACT  Section 1.   Short title.          2.   Declaration of policy and statement of purposes.          3.   Definitions.          4.   New York city health and hospitals corporation.          4-a.          5.   General powers of the corporation.          6.   Relationship  to  the  city;  agreements  concerning health                   facilities.          7.   Conveyance of property by  the  city  to  the  corporation;                   acquisition of property by the city.          7-a. Relationship  with  the  New  York  state  and  the housing                   finance agency health  and  mental  hygiene  facilities                   improvement corporation.          8.   Contracts.          9.   Personnel  administration;  collective  bargaining; pension                   and retirement benefits; article fourteen civil service                   law; paragraph two hundred twenty labor law;  personnel                   review board.          10.  Officers   and   employees   not   to   be   interested  in                   transactions.          11.  Moneys of the corporation.          12.  Issuance of bonds and notes by the corporation.          13.  Reserve fund.          14.  Agreement of the state.          15.  State and city not liable on bonds and notes.          16.  City's right to require redemption of bonds.          17.  Remedies of holders of bonds and notes.          18.  Assistance to the corporation.          19.  Exemption from taxation.          20.  Actions by and against the corporation.          21.  Bonds and notes as legal investments.          22.  Annual and special reports.          23.  Act  not  affected   if   in   part   unconstitutional   or                   ineffective.          24.  Inconsistent provisions of other laws superseded.          25.  Termination of the corporation.    Section  1.  Short  title. This act may be cited as the "New York city  health and hospitals corporation act".    § 2. Declaration of policy and statement of  purposes.  It  is  hereby  found,  declared  and  determined  that  the  provision  and delivery of  comprehensive care and treatment of the ill and  infirm,  both  physical  and  mental,  are  of  vital  and paramount concern and essential to the  protection and promotion of  the  health,  safety  and  welfare  of  the  inhabitants of the state of New York and the city of New York.    There  are  serious  shortages  in  the number of personnel adequately  trained and qualified to provide the quality care and treatment  needed.  A  myriad  of complex and often deleterious constraints and restrictions  place a harmful burden on the  delivery  of  such  care  and  treatment.  Technological  advances  have  been such that portions of the health and  medical services now delivered by the city are not as advanced  as  they  should   be.   A  system  permitting  legal,  financial  and  managerial  flexibility is required for the provision and delivery of high  quality,  dignified  and  comprehensive care and treatment for the ill and infirm,  particularly to those who can least afford such services.    It is further found, declared and determined that hospitals and  other  health  facilities  of  the  city are of vital and paramount concern and

  essential in providing comprehensive care and treatment for the ill  and  infirm,  both  physical and mental, and are thus vital to the protection  and the promotion of the health, welfare and safety of the people of the  state of New York and the city of New York.    There  are  inadequate  general and specialized health care facilities  including but not limited to nursing homes and related laboratories  and  ambulatory  care  clinics  and centers and diagnostic treatment centers.  The inadequacy and shortage  of  health  facilities  derives  from  such  factors  among  others  as  the rapid technological changes and advances  taking place in the medical  field.  These  changes  and  advances  have  created  the  need  for substantial structural and functional changes in  existing facilities. Many of the  health  facilities  of  the  city  are  overcrowded.  Buildings  are  deteriorating  and  many  suffer harm as a  result  of  piecemeal  and  uncoordinated  additions.   The   facilities  available for education, research and development are inadequate to meet  the   demands   of   the  medical  field.  Procedures  inherent  in  the  administration of health and medical services as heretofore  established  obstruct and impair efficient operation of health and medical resources.    It  is  found, declared and determined that in order to accomplish the  purposes herein recited,  to  provide  the  needed  health  and  medical  services  and  health  facilities,  a  public benefit corporation, to be  known as the New York City health and hospital  corporation,  should  be  created   to  provide  such  health  and  medical  services  and  health  facilities and to otherwise carry out such purposes; that  the  creation  and  operation of the New York city health and hospitals corporation, as  hereinafter provided, is in all respects for the benefit of  the  people  of  the  state  of New York and of the city of New York, and is a state,  city and public purpose; and that the exercise by  such  corporation  of  the functions, powers and duties as hereinafter provided constitutes the  performance of an essential public and governmental function.    §  3.  Definitions.  As  used  or  referred  to  in this act, unless a  different meaning clearly appears from the text:    1. "Administrator" or "Health service administrator"  shall  mean  the  administrator of health services of the city of New York.    2.  "Administration"  shall mean the health services administration of  the city of New York.    3. "Board" shall mean the board of directors  of  the  corporation  as  such board is constituted pursuant to section four of this act.    4.  "Bonds"  and  "notes"  shall  mean  bonds  and notes respectively,  authorized and issued by the corporation pursuant to this act.    5. "City" shall mean the city of New York.    6. "Comptroller" shall mean the comptroller of the city of New York.    7. "Construction"  shall  mean  site  acquisition,  planning,  design,  erection, building, alteration, reconstruction, renovation, improvement,  extension,  enlargement,  replacement or modification and the inspection  or modification thereof.    8. "Corporation" shall mean the public benefit corporation created  by  section four of this act.    9.  "Corporation  counsel"  shall  mean the corporation counsel of the  city of New York.    10. "Council" shall mean the agency or body designated as  the  health  planning agency pursuant to article twenty-nine of the public health law  or  public law 89-749 and which is authorized to approve construction of  health facilities in the city of New York.    11. "Director of management and budget" shall  mean  the  director  of  management and budget of the city of New York.    12.  "Health facility" shall mean a building, structure or unit or any  improvement  to  real  property,  including  all  necessary  and   usual

  attendant  and related equipment, facilities or fixtures, or any part or  parts thereof, or any combination or  combinations  thereof,  including,  but   not   limited   to,  a  general  hospital,  psychiatric  hospital,  tuberculosis  hospital,  ambulatory  clinic  or  center, chronic disease  hospital, nursing home, extended-care facility, dispensary or laboratory  or any other related facility, or  any  combination  of  the  foregoing,  constructed,  acquired  or  otherwise  provided by or for the use of the  corporation or the city in providing health and medical services to  the  public.    13.  "Health  and  medical  services"  shall  mean  items  or services  provided by or under the supervision of  a  physician  or  other  person  trained  or licensed to render health care necessary for the prevention,  care, diagnosis or treatment of human disease, pain,  injury,  deformity  or  other  physical  or  mental condition including, but not limited to,  pre-admission, out-patient, in-patient  and  post-discharge  care,  home  care,  physicians'  care, nursing care, medical care provided by interns  or residents-in-training and other paramedical care, ambulance  service,  bed  and  board,  drugs,  biologicals,  supplies, appliances, equipment,  laboratory services and x-ray, radium and radio-active-isotope therapy.    14. "Mayor" shall mean the mayor of the city of New York.    15. "Real property"  shall  mean  lands,  structures,  franchises  and  interests  in  land,  waters, lands under water, riparian rights and air  rights, and any and all things and rights usually  included  within  the  said  term  and  includes not only fees simple absolute but also any and  all lesser interests such as  easements,  rights-of-way,  uses,  leases,  licenses  and  all  other  incorporeal  hereditaments  and every estate,  interest or right, legal or equitable, including  terms  for  years  and  liens thereon by way of judgments, mortgages, or otherwise.    16.  "Reimbursement  allowance"  shall  mean  any  money  paid  by any  government, or any agency or subdivision thereof or by a social services  district or  by  any  private  institution  or  organization  or  person  including,  but not limited to, payments authorized by and made pursuant  to the federal social security act and the state social services law, to  the corporation for the costs of health and medical  services  furnished  to beneficiaries thereof provided by the corporation directly or through  agreement with the city.    17. "State" shall mean the state of New York.    18. "Subsidiary corporation" shall mean a corporation created pursuant  to subdivision twenty of section five of this act.    19. "Non-profit hospital" shall mean an organization authorized by law  to  provide  health  and  medical  services,  organized  exclusively for  charitable purposes on a non-profit basis, which does  not  devote  more  than  an insubstantial part of its total activities to activities not in  furtherance  of  its  charitable  purposes,  does  not  participate   or  intervene (including publishing or distributing statements), directly or  indirectly,  in  any political campaign on behalf of or in opposition to  any candidate  for  public  office,  and  no  substantial  part  of  the  activities of which is devoted to attempting to influence legislation by  propaganda  or otherwise and no part of the net earnings of which inures  to the benefit of a private shareholder or individual.    § 4. New York city health and hospitals corporation. 1. A corporation,  to be known as the "New York city health and hospitals corporation,"  is  hereby  created.  Such corporation shall be a body corporate and politic  constituting a public benefit corporation. It shall be administered by a  board  of  directors  consisting  of  sixteen  members,  constituted  as  follows:  five  directors  shall  be the administrator, the commissioner  appointed by the mayor as chief administrative  officer  of  the  health  functions of the administration, the director of community mental health

  services  of the administration, the administrator of human resources of  the city, and the deputy mayor-city administrator of the city, or  their  successors,  all serving ex-officio; ten directors shall be appointed by  the  mayor,  five of whom shall be designated by the city council of the  city of New  York;  and  the  remaining  director  shall  be  the  chief  executive officer of the corporation. Such chief executive officer shall  be  chosen  by  the  aforementioned fifteen directors from persons other  than themselves and shall serve at the pleasure of the board. The  terms  of  the  ten  directors  first  appointed by the mayor, other than those  serving ex-officio shall be as follows:    Two shall serve for terms of one year each, one  of  whom  shall  have  been designated by the city council;    Two  shall  serve  for terms of two years each, one of whom shall have  been designated by the city council;    Two shall serve for terms of three years each, one of whom shall  have  been designated by the city council;    Two  shall  serve for terms of four years each, one of whom shall have  been designated by the city council;    Two shall serve for terms of five years each, one of whom  shall  have  been designated by the city council;  thereafter  their  successors  shall serve for terms of five years each.  The mayor shall fill any vacancy which may occur  by  reason  of  death,  resignation  or  otherwise  in  a  manner  consistent  with the original  appointment. Directors may be removed by the mayor for  cause,  but  not  without an opportunity to be heard.    2.  The administrator of health services of the city shall be chairman  of the board of directors. He shall preside over  all  meetings  of  the  board  and shall have such other duties as the directors may direct. The  vice-chairman,  who  shall  be  elected  by  the  directors  from  among  themselves,  shall  preside over meetings of the board in the absence of  the chairman and shall have such other duties as the board may direct.    3. The powers of the corporation shall be vested in and  exercised  by  the  board  of  directors  at a meeting duly held at a time fixed by any  by-law adopted by the board, or at any duly adjourned  meeting  of  such  meeting  or  at  any  meeting  held upon reasonable notice to all of the  directors, or upon written waiver thereof, and a majority of  the  whole  number  of  directors  shall constitute a quorum; provided, that neither  the business nor the powers of the corporation shall  be  transacted  or  exercised  except  pursuant to the favorable vote of at least a majority  of the  directors  present  at  a  meeting  at  which  a  quorum  is  in  attendance.  The  board  may  delegate  to one or more of the directors,  officers, agents or employees of the corporation such powers and  duties  as  it  may  deem  proper.  For  the purposes of this subdivision three,  "whole number" shall mean the total number of directors that  the  board  would have were there no vacancy in the office of a director.    4.  The  directors  shall  not  be  entitled to compensation for their  service but shall  be  reimbursed  for  actual  and  necessary  expenses  incurred  by  them  in  the  performance  of  their official duties. The  directors may engage  in  private  employment  or  in  a  profession  or  business, unless otherwise prohibited from doing so by virtue of holding  another  public office, subject to the provisions of article eighteen of  the general municipal law. For the purposes of  such  article  eighteen,  the  corporation  shall  be  a  "municipality" and a director shall be a  "municipal officer".    5. The board shall hold an annual meeting.    6. Except as otherwise permitted or required by any federal  or  state  law,  rule or regulation, the corporation shall receive direct payments,  including payments made by a social services district under title eleven

  of article five of the social services  law,  and  the  New  York  state  medical  assistance  plan  adopted  thereunder,  and other reimbursement  allowances whether as  a  "provider  of  services"  in  accordance  with  federal  law  or  otherwise, for the provision by the corporation of the  health and medical services for which  such  payments  are  made  or  by  reason  of  ownership  by the corporation of a health facility rendering  the health and medical services for which such payments  are  made.  For  the   purpose  of  such  title  eleven,  the  corporation  shall  be  an  "institution" supplying "medical assistance".    7. The fiscal year of the corporation shall be the same as that of the  city.    8. Notwithstanding any inconsistent provisions of this  or  any  other  general,  special  or local law, no officer or employee of the state, or  of any civil division thereof, or of any public corporation, as  defined  in  the  general  corporation law, shall be deemed to have forfeited his  office or employment or any benefits provided under the  retirement  and  social  security law or under any public retirement system maintained by  the state or by any of the civil divisions thereof by reason of being  a  director, officer, employee or agent of the corporation.    9. The corporation shall keep each of its facilities and installations  open  to  inspection  at all times by duly authorized representatives of  the board of social services of the state, the comptroller of the state,  the department of health of  the  state,  the  mayor,  the  director  of  management  and  budget,  the  comptroller,  the administration and such  other federal, state or city departments or agencies authorized  by  law  to  so inspect; and each shall be provided access to all of the records,  reports,  books,  papers  and  accounts  of  the  corporation  and   its  facilities and installations other than privileged medical matter.    10. The corporation shall hold annual public meetings, at least one in  each  of  the  five  boroughs,  after due public notice, for purposes of  informing the public of the programs and plans of the corporation.    11. The corporation shall establish a  community  advisory  board  for  each  of  its  hospitals  to consider and advise the corporation and the  hospital upon  matters  concerning  the  development  of  any  plans  or  programs  of  the  corporation,  and may establish rules and regulations  with respect to such boards. The members of such advisory  boards  shall  be   representatives   of   the   community   served  by  the  hospital.  Notwithstanding any inconsistent provision of law, general,  special  or  local,  no  officer  or  employee  of the state or of any civil division  thereof, shall be deemed to have forfeited or shall forfeit  his  office  or  employment  by  reason  of  his  acceptance  of  membership  on such  community advisory board.    No  member  of  such  board  shall  receive  compensation  or  allowance for services rendered on such board, except,  however, that members of community advisory boards may be reimbursed for  necessary expenses up to and  including  twenty-five  dollars  during  a  calendar month by submitting a personal summary voucher.    §  4-a.  For the purposes of sections one hundred seventy-five (a) and  one hundred seventy-five (b) of the state finance law,  the  corporation  shall be deemed to be a political subdivision.    § 5. General powers of the corporation. The corporation shall have the  following  powers  in addition to those specifically conferred elsewhere  in this act:    1. To sue and be sued;    2. To have a seal and to alter the same at its pleasure;    3. To adopt, alter, amend or repeal by-laws or  rules  or  regulations  for the organization, management, and regulation of its affairs;    4.  To  borrow  money  and  to  issue negotiable notes, bonds or other  evidences of indebtedness and to provide for the rights of  the  holders

  thereof  in  accordance  with  the  provisions  of  this  act; provided,  however, that the corporation shall not  issue  bonds,  notes  or  other  evidences  of  indebtedness  for  the  construction of a health facility  without  the  prior  approval  of  the  mayor  and, in the case of major  construction, without first submitting to the mayor a written  statement  of  the chairman of the board stating that the corporation has consulted  with the New York State housing finance agency and the  New  York  State  health  and  mental  hygiene  facilities  improvement  corporation  with  respect to such major construction.    5. To  make  and  to  execute  contracts  and  leases  and  all  other  agreements  or  instruments  necessary or convenient for the exercise of  its powers and the fulfillment of its corporate purposes;    6. To acquire, by purchase, gift, devise, lease or  sublease,  and  to  accept  jurisdiction  over  and to hold and own, and dispose of by sale,  lease or sublease, real or personal property, including but not  limited  to  a  health  facility,  or  any  interest  therein  for  its corporate  purposes; provided, however, that  no  health  facility  or  other  real  property  acquired  or  constructed  by  the  corporation shall be sold,  leased or  otherwise  transferred  by  the  corporation  without  public  hearing  by  the corporation after twenty days public notice and without  the consent of the board of estimate of the city;    7. To operate, manage, superintend, and control  any  health  facility  under its jurisdiction and to repair, maintain and otherwise keep up any  such  health  facility;  and  to  establish and collect fees, rentals or  other charges, including reimbursement allowances, for the  sale,  lease  or  sublease  of  any  such  health  facility,  subject to the terms and  conditions of any contract, lease, sublease or other agreement with  the  city;    8.  To  provide health and medical services for the public directly or  by agreement or lease  with  any  person,  firm  or  private  or  public  corporation  or association, through and in the health facilities of the  corporation and to make rules and regulations governing  admissions  and  health and medical services; and to establish and collect fees and other  charges,  including  reimbursement allowances, for the provision of such  health and medical services; and  to  provide  and  maintain  continuous  resident  physician  and  intern  medical  services;  and to sponsor and  conduct research, educational and training programs;    9. To provide, maintain and operate  an  ambulance  service  to  bring  patients  to or remove them from any health facility of the corporation,  and to adopt a schedule of appropriate charges and to  provide  for  the  collection thereof;    10.  To  determine,  in  accordance  with standards established by the  administration, the conditions under which a physician may  be  extended  the   privilege  of  practicing  within  a  health  facility  under  the  jurisdiction of the corporation, and to promulgate reasonable rules  and  regulations for the conduct of all persons, physicians and nurses within  any such facility;    11.  To  employ  officers,  executives, management personnel, and such  other employees who formulate or participate in the formulation  of  the  plans,  policies,  aims, standards, or who administer, manage or operate  the corporation and its hospitals or health facilities,  or  who  assist  and  act  in  a confidential capacity to persons who are responsible for  the formulation, determination and effectuation of  management  policies  concerning personnel or labor relations, or who determine the number of,  and  appointment and removal of, employees of the corporation, fix their  qualifications and prescribe their duties and other terms of employment.    All such  personnel  shall  be  excluded  from  collective  bargaining  representation.

    12.  To  employ such other employees as may be necessary and except as  otherwise provided herein to promulgate rules and  regulations  relating  to the creation of classes of positions, position classifications, title  structure, class specifications, examinations, appointments, promotions,  voluntary  demotions,  transfers, re-instatement, procedures relating to  abolition or reduction in positions, to determine the number of  and  to  appoint, remove and discipline employees, to prescribe their duties, fix  their  qualifications,  salaries,  wages,  fringe  benefits, hours, work  schedules, assignments and re-assignments,  leaves  of  absence,  annual  leave, other time and leave rules and other terms of employment.    13.  To  prepare,  or  cause  to  be  prepared, plans, specifications,  designs and estimates of costs for the  construction  and  equipment  of  health  facilities;  provided, however, that such plans, specifications,  designs and estimates of cost shall, to the extent required by  law,  be  subject  to  the  approval  of  the  council prior to the implementation  thereof;    14. To construct and equip, or by contract cause to be constructed and  equipped, health facilities, subject to the approval of the council;    15. To apply for and/or to receive and accept any gifts or  grants  of  money,  property  or  services or other aid, including any reimbursement  allowance, offered or made available to it by any person, government  or  agency  whatever,  for  use  by  the  corporation  in  carrying  out its  corporate purposes and in the exercise of its powers; and  to  negotiate  for the same upon such conditions as the corporation may determine to be  necessary,  convenient  or  desirable;  and  to  comply,  subject to the  provisions of this act, with the terms of  any  such  gifts,  grants  or  other aid;    16.  To  invest  any  funds  held in reserves or sinking funds, or any  funds not required for immediate use or disbursement, at the  discretion  of  the  corporation,  in  obligations  of  the  city,  state or federal  government or obligations  the  principal  and  interest  of  which  are  guaranteed by the city, state or federal government;    17.  To procure insurance, or obtain indemnification, against any loss  in connection with the assets of the corporation  or  any  liability  in  connection  with  the  activities  of the corporation, such insurance or  indemnification to be procured or obtained in  such  amounts,  and  from  such sources, as the corporation deems to be appropriate;    18.  To  cooperate with any organization, public or private, including  the health and mental  hygiene  facilities  improvement  corporation  as  established  by an act entitled the health and mental hygiene facilities  improvement act, and the New York  state  housing  finance  agency,  the  objects of which are similar to the purposes of the corporation;    19.  To  use  agents, employees and facilities of the city, subject to  such  limitations  as  may  be  prescribed  by   collective   bargaining  agreement, and subject to the consent of the mayor;    20.  (a)  To exercise and perform all or part of its purposes, powers,  duties,  functions  or  activities  through  one  or  more  wholly-owned  subsidiary  public  benefit corporations subject to limitations provided  herein. The board of the corporation by resolution may direct any of the  directors, officers or employees of the corporation to organize any such  subsidiary corporation as a public benefit corporation by executing  and  filing with the secretary of state a certificate of incorporation, which  may  be amended from time to time by filing with the secretary of state,  and which shall set forth the name of such public  benefit  corporation,  its  duration,  the  location of its principal offices and any or all of  the powers and purposes of such corporation, provided, however, that  no  such  subsidiary  corporations  shall  be established for the purpose of  operating a health facility or  the  delivery  of  direct  patient  care

  without  the  prior approval of the mayor and, except in the case of the  Harlem Hospital Center or the new Harlem Hospital Center, until at least  two years shall have elapsed from the effective date of this act.    (b)  No  subsidiary  corporation  shall  have  the  power to engage in  collective bargaining or negotiate with  any  organization  representing  any  of its employees, or to enter into collective bargaining agreements  with any such  organization.  Each  such  subsidiary  corporation  shall  operate  under  personnel administration policies, practices, procedures  and programs, and terms and conditions of employment of the corporation,  including those agreed to in collective bargaining and determined by the  comptroller of the city pursuant to section two hundred  twenty  of  the  labor law.    (c)  Each  such  subsidiary  corporation  and  any  of its properties,  functions and activities shall have all of the  privileges,  immunities,  tax  exemptions  and  other  exemptions  of  the  corporation and of the  corporation's properties, functions and activities except,  however,  no  such  subsidiary  corporation  shall  issue  bonds  and  notes  or  form  subsidiary corporations.  Each  such  subsidiary  corporation  shall  be  subject  to  suit in accordance with the provisions of section twenty of  this act. Any state,  city,  commission,  agency,  officer,  department,  division  or  person is authorized to cooperate with and enter into such  agreements with a subsidiary corporation subject to  the  provisions  of  this  act  and to any agreement entered into pursuant thereto; provided,  however, that each such subsidiary corporation shall be subject  to  any  restrictions, approvals, and limitations to which the corporation may be  subject;    21.  To  do  any  and all things necessary, convenient or desirable to  carry out its corporate purposes, and for the  exercise  of  the  powers  given to it in this act.    §   6.   Relationship   to  the  city;  agreements  concerning  health  facilities.  1. (a) The city shall on or before the first  day  of  July  nineteen  hundred seventy enter into an agreement or agreements with the  corporation, pursuant to this section and section seven herein,  whereby  the  corporation  shall operate the hospitals then being operated by the  city for the treatment of acute and chronic diseases, and for the fiscal  year of the city commencing on the first day of  July  nineteen  hundred  seventy  and  thereafter the city shall include in its expense budget an  appropriation of tax levy for the services provided by  the  corporation  and  pay  the  corporation  an  amount  which shall not be less than one  hundred seventy-five million dollars; provided, however,  that  for  the  fiscal  year  beginning  July  first,  nineteen  hundred seventy-two and  thereafter the amount shall be adjusted  annually  to  take  account  of  increases  in  the  cost of health care as reflected in increases in the  average rates of reimbursement set by  the  state  pursuant  to  section  twenty-one  hundred  seven  of  the  public  health  law  for health and  hospital services in New  York  City,  and  changes  in  the  volume  of  services  rendered by the corporation and required by the city for which  no reimbursement from third-party sources is available. The  corporation  shall  submit a program budget to the city, in time for inclusion in the  mayor's executive budget, detailing the anticipated expenditure  of  the  tax levy funds appropriated by the city for the coming fiscal year.    The  provisions  of subdivision three of paragraph a of section 135.00  of the local finance law shall not apply  to  a  contract  entered  into  pursuant to this section.    1. (b) Within a reasonable time thereafter the city shall enter into a  similar  agreement  or  agreements for the remaining personal health and  medical facilities then operated by the city.

    2. (a) The corporation shall have the power to enter  into  contracts,  leases,  sub-leases or other agreements permitting the city to purchase,  lease, sub-lease or otherwise acquire or use any health facility  by  or  under  the  jurisdiction  of  the corporation; and to permit the city to  construct  or  add  health  facilities  or  improvements upon or to such  health facility.    (b) The city shall be  empowered  to  purchase,  lease,  sub-lease  or  otherwise acquire or contract for the use of and use any health facility  held by or under the jurisdiction of the corporation, or to construct or  add health facilities or improvements upon or to such a health facility,  in  accordance with the terms of any contract, lease, sub-lease or other  agreement entered into pursuant to the terms of this act.    3. Any contract, lease, sub-lease or other agreement between the  city  and  the  corporation for the purchase, lease, sub-lease, use, operation  or construction and equipment of a health  facility,  as  authorized  by  this act, shall    (a) set forth any health facility to be constructed and equipped, used  or operated;    (b)  provide  that  the  corporation  shall  apply for and receive all  reimbursement allowances or other moneys available  to  the  corporation  from  any  source  for  the provision of health and medical services for  which such reimbursement  allowances  or  other  moneys  are  available,  through  or  in  the  facilities  of  the  corporation,  and  that  such  reimbursement allowances or other moneys shall be collected and received  by the corporation directly from  any  such  source,  and  used  by  the  corporation for the purposes herein recited;    (c) provide that whenever the city requires the corporation to provide  health  and  medical services to persons in the city, the city shall pay  the corporation for the cost of such services as are actually  rendered,  such  cost  to  be  determined  by  agreement  between  the city and the  corporation; provided, however, that such payments shall only be made by  the city to  the  extent  that  no  reimbursement  allowances  or  other  payments  are paid to the corporation from any other government or other  sources for the payment of such costs; and    (d) provide that the  health  and  medical  services  provided  by  or  through  any  such health facility shall be available to the public upon  the terms and conditions set forth in such contract, lease, sub-lease or  other agreement.    4. (a) Any such contract, lease, sub-lease or other agreement  between  the  city and the corporation that requires the corporation to construct  and equip, or causes to be constructed or equipped,  a  health  facility  shall provide that the city shall be required to pay the total estimated  cost of such construction and equipment to the corporation at such times  and  in such amounts as determined and requested by the corporation, any  such payment to be made by the city upon the delivery to the comptroller  of the corporation of a certificate requesting such payment.    (b) For the purpose of this subdivision four, the cost of construction  and equipment shall include, but not be limited  to,  the  cost  of  any  plans,  specifications, drawings or designs prepared for the purposes of  the health facility concerned.    5. Any such contract, lease, sub-lease or other agreement between  the  city  and  the  corporation  may  contain provisions, in addition to any  required by the provisions of this act, as to:    (a) pledging or assigning any part of moneys and  revenues,  including  reimbursement  allowances,  derived  by the city, or the corporation, to  secure payments required by such contract,  lease,  sub-lease  or  other  agreement;

    (b)  limitations  on the purposes to which the proceeds of the sale of  the bonds and notes of the corporation may be  applied  and  as  to  the  pledging  of  such  proceeds to secure the payment of bonds and notes of  the corporation or of any issued thereby, subject to any agreement  with  the holders of bonds or notes of the corporation;    (c)  setting  aside  reserves  and  creating  special  funds  and  the  regulation and disposition thereof;    (d) procedures, if any, by which such contract,  lease,  sub-lease  or  other  agreement  may  be amended, the amount of bonds or notes or other  obligations the holders of which must consent thereto, and the manner in  which such consent may be given;    (e) defining the acts or omissions to act  which  shall  constitute  a  default  in  the  obligations  and duties of the city or corporation and  providing for the rights and remedies of the corporation and the holders  of its bonds, notes or other obligations in the event of such default;    (f) any other matters, of like or different character,  which  may  be  deemed  necessary  or  desirable  by  the  corporation  for  the  proper  effectuation of its corporate purposes or for the security or protection  of the holders of its bonds, notes, or other obligations.    6. The city  shall  not  be  required  to  make  any  payment  to  the  corporation,  nor  shall  any  charge, claim or liability exist or arise  against the city for any such payment, in excess of amounts appropriated  or otherwise authorized by the city therefor. Payments due or to  become  due  by  the  city  pursuant  to any contract, lease, sub-lease or other  agreement  with  the  corporation  shall  not   constitute   outstanding  indebtedness  of  the  city  for  the  purposes  of  paragraph  three of  subdivision (a) of section 135.00 of the local fianance law.    7. The corporation shall exercise its powers to  provide  and  deliver  health  and  medical  services to the public in accordance with policies  and plans of the  administration  with  respect  to  the  provision  and  delivery  of  such  services and the corporation shall have the power to  adopt and implement rules and regulations  not  inconsistent  with  such  policies   and   plans   of   the  administration.  For  its  part,  the  administration shall assist and  cooperate  with  the  corporation  with  respect to such matters.    §   7.  Conveyance  of  property  by  the  city  to  the  corporation;  acquisition of property by the city. 1. The city, acting by the board of  estimate thereof, may, by deed, lease or other instrument convey,  lease  or  otherwise  dispose  of any real or personal property or any interest  therein owned or held by the city, without public letting or auction, to  the corporation for its corporate purposes, for so long as it  shall  be  in  existence  notwithstanding  the provisions of any law respecting the  inalienability of real property by the city,  and  such  conveyance  may  reserve to the city such rights as shall not restrict the corporation in  carrying out its corporate purposes.    2.  The  city  may  acquire,  in  the name of the city, by purchase or  condemnation in the manner provided by law for the acquisition  of  real  property  by the city, real property in the city for the purposes of the  corporation or for the widening of existing roads, streets,  avenues  or  highways  or for new roads, streets, avenues or highways connecting with  a health facility constructed or otherwise acquired by the  corporation,  or partly for such purposes and partly for other city purposes. For said  purposes,  the city may close roads, streets, avenues or highways as may  be necessary; provided, however, that no state highway or way  shall  be  closed without the consent of the state commissioner of transportation.    3.  Subject  to  the  approval  of  the board of estimate of the city,  contracts may be entered into  between  the  corporation  and  the  city  providing  for  the property to be acquired by the city and so conveyed,

  the roads, streets, avenues, or highways to be closed by the  city,  and  the amounts, terms and conditions of payments, if any, to be made by the  corporation.  Any such contract between the city and the corporation may  be  pledged  by  the  corporation  to  secure  its bonds, notes or other  obligations and may not be modified thereafter except as provided by the  terms of the pledge.    4. If the corporation determines that the use  and  occupancy  of  any  real  property  is  no  longer  required  for its corporate purposes and  powers, then if such real property was acquired at the cost and  expense  of the city, the corporation shall, subject to the provisions of section  five,  paragraph  six,  have power to surrender its use and occupancy to  the city. The corporation shall, subject to the  provisions  of  section  five,  paragraph  six, have power to sell, lease or otherwise dispose of  said real property at public or private sale or as part of  a  contract,  lease or other agreement entered into under the terms of this act and to  use  the  proceeds  derived  from  the  sale, lease or other disposition  thereof for its corporate purposes.    § 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.    § 8. Contracts. 1.  Any  contract  let  by  the  corporation  for  the  construction  of  a  health facility shall be publicly let to the lowest  responsible bidder in the manner provided by, and  in  conformity  with,  the  provisions  of  article five-a of the general municipal law, except  that where the cost of such a contract  does  not  exceed  ten  thousand  dollars  such  contract  may  be  entered  into  without public letting;  provided, however, that if the corporation determines that in a  special  case  or cases it would not be in the public interest to comply with the  terms of this section  and  the  board  of  estimate  of  the  city,  by  resolution,  rule or regulation adopted by the vote of two-thirds of the  whole number of votes authorized to be cast by all of the members of the  board of estimate, concurs in such determination, then such  a  contract  may  be  entered  into  by  the  corporation  without  public letting as  authorized by the said resolution, rules or regulations. Notwithstanding  the provisions of this subdivision one, if  the  corporation  determines  that   circumstances  exist  whereby  it  would  be  detrimental  to  or

  impracticable for the corporation to  comply  with  the  public  letting  requirements  of  this  section  concerning  a  change order then such a  change order may be let by the corporation without public  letting.  For  the  purposes  of  article  five-a  of  the  general  municipal law, the  corporation shall be deemed to be a "political subdivision".    2. The corporation  may  make  rules  and  regulations  governing  the  qualifications  of  bidders entering into such a contract where the cost  of such a contract exceeds twenty-five thousand dollars. The bidding may  be restricted to those who shall have qualified prior to the receipt  of  bids according to standards fixed by the corporation; provided, however,  that  notice  or  notices  for the submission of qualifications shall be  published in the official publication of the city and in an  appropriate  trade journal published in the city, or if no such trade journal exists,  in  a  newspaper  with a general circulation in the city, at least once,  not less than ten days prior  to  the  date  fixed  for  the  filing  of  qualifications.    3.  The  corporation,  in  its  discretion,  may  assign  the separate  contracts awarded pursuant to section one hundred  one  of  the  general  municipal  law  to the general contractor for supervision. Each contract  for the construction of a health facility may include a  provision  that  the  architect  who  designed the facility, or the architect or engineer  retained or employed specifically for the purpose of supervision,  shall  supervise  the  work to be performed through to completion and shall see  to it that the  materials  furnished  and  the  work  performed  are  in  accordance  with  the  drawings,  plans,  specifications  and  contracts  therefor.    4. All bids received for the letting of any contract pursuant to  this  section  shall  be  submitted  to  the corporation and shall be publicly  opened and read by the corporation. Nothing in  this  section  shall  be  construed  to  limit the power of the corporation to do any construction  by or through its own officers, agents or employees.    5. (a) In addition to any other bond or bonds that may be required  by  law  for  the  completion of a health facility, or in the absence of any  such requirement, the corporation shall require, prior to  the  approval  of  any contract or agreement providing for the construction of a health  facility, that the general contractor furnish a bond guaranteeing prompt  payment of moneys due to all persons furnishing labor or materials to or  for the general contractor or to his subcontractors in  the  prosecution  of  the  entire  work  provided  for  in  such agreement. A copy of such  payment bond shall be filed in the offices of the corporation and  shall  be open to public inspection.    (b)  Every  person  who has furnished labor or material, to or for the  general contractor or to a sub-contractor in the prosecution of the work  provided for in the contract or other agreement of the corporation  with  the general contractor and who has not been paid in full therefor before  the  expiration  of  a  period of ninety days after the day on which the  last of the labor was performed or material was  furnished  by  him  for  which  the  claim  is  made, shall have the right to sue on such payment  bond in his own name for the amount, or the balance thereof,  unpaid  at  the time of commencement of the action; provided, however, that a person  having  a  direct  contractual relationship with a sub-contractor of the  general contractor  furnishing  the  payment  bond  but  no  contractual  relationship  express  or implied with such general contractor shall not  have a right of action upon the bond unless he shall have given  written  notice  to  such  general contractor within ninety days from the date on  which the last of the labor was performed or the last  of  the  material  was  furnished,  for  which  his claim is made, stating with substantial  accuracy the amount claimed and the  name  of  the  party  to  whom  the

  material  was  furnished or for whom the labor was performed. The notice  shall be served  by  delivering  the  same  personally  to  the  general  contractor  or by mailing the same by registered mail, postage pre-paid,  in an envelope addressed to the general contractor at any place where he  maintains an office or conducts his business or at his residence.    6.  Any  contracts  for  design,  construction, services and materials  entered into by the corporation pursuant to this  act  shall  be  deemed  state  contracts within the meaning of that term as set forth in article  fifteen-A of the executive law, and the corporation shall be deemed, for  the purposes of this act, a contracting agency as that term is  used  in  article fifteen-A of the executive law.    §  9.  Personnel  administration;  collective  bargaining; pension and  retirement benefits; article fourteen civil service law;  paragraph  two  hundred  twenty  labor  law; personnel review board. 1.  The corporation  shall, upon ten days written notice appropriately posted in  the  health  facilities,  promulgate  rules  and  regulations  consistent  with civil  service law with respect to policies, practices, procedures relating  to  position   classifications,   title   structure,  class  specifications,  examinations, appointments, promotions, voluntary demotions,  transfers,  re-instatements,  procedures  relating  to  abolition  or  reduction  in  positions, for personnel employed by the corporation pursuant to section  five,  subdivision  twelve  of  this  act,  subject  to  the   following  exception.  The  New  York  city  health and hospitals corporation shall  employ peace officers appointed pursuant to this subdivision to  perform  the  patrol,  investigation,  and  maintenance  of  the  peace duties of  special officer, senior special officer and hospital  security  officer;  provided  however  that  nothing  in  this  subdivision  shall  prohibit  managerial, supervisory, or state  licensed  or  certified  professional  employees of the corporation from performing these duties where they are  incidental  to  their  usual  duties,  or shall prohibit police officers  employed by the city of New York from performing these duties.    Until the corporation adopts by-laws, rules and  regulations  relating  to   personnel  administration  the  corporation  shall  administer  its  personnel pursuant to the civil service law, the rules and  regulations,  time  and  leave  rules classification and compensation schedules, class  specifications and personnel orders of the New York city  department  of  personnel  and  civil  service  commission,  and  all  other  applicable  provisions of local or general laws relating to civil service personnel.    2. (a) Every employee who was an employee of  the  administration,  or  any  constituent  agency  or  department thereof, shall be automatically  appointed and transferred to the corporation in the same  or  equivalent  classification and position he held at the time of such transfer and for  such  purposes the corporation shall be deemed the successor to the city  as a public  employer  of  such  employee.  All  officers  or  employees  transferred  to the corporation who had civil service status at the time  of such transfer shall retain such status for the purpose  of  transfer,  reassignment  or  promotion  to  any  position  in  a city department or  agency.    (b) (i) It is hereby found that the continued, uninterrupted, adequate  and efficient administration of health and medical services is necessary  for the general welfare of the people of the city of  New  York.  It  is  further  found  that  with  respect to certain services provided for the  corporation by the  voluntary  hospitals  and  medical  schools  in  the  municipal  hospitals  of  the  city  of  New  York,  such administration  properly requires that employees performing those services  be  employed  by  the  corporation.  For  the  continued performance of those services  assumed by  the  corporation,  the  continued  employment  of  personnel  possessing  ability,  skill,  experience  and  knowledge is essential. A

  requirement of competitive examination for the appointment of  any  such  employee  to  the  corporation  would seriously interrupt the continuous  provision of health and medical services and is thus impractical. It  is  thereby  declared  to  be  in  the public interest that because of their  knowledge, training, experience and efficiency, those employees  of  the  voluntary  hospitals  and medical schools be continued in the employment  of  the  corporation  without  competitive  examination,  and  shall  be  afforded permanent competitive status.    (ii)  Notwithstanding  any  provision to the contrary contained in any  general,  special  or  local  law,  those  employees  of  the  voluntary  hospitals  and  medical  schools  in  the  city  of  New York performing  services which are assumed by the corporation shall  be  transferred  to  and   continued   in   employment  by  the  corporation  in  similar  or  corresponding  positions,  which  shall  have  been  classified  by  the  corporation in accordance with the provisions of subdivision one of this  section.  Such  employees shall continue to hold their positions without  further examination and shall have all the rights and privileges of  the  jurisdictional class to which such positions may be allocated; provided,  however,  that  after  such  transfer of functions and activities to the  corporation all new positions thereafter created and vacancies occurring  in positions already established shall be filled in accordance with  the  provisions of subdivision one of this section.    3.   The   corporation   shall   recognize   the   certified  employee  organizations  and  bargaining  units  of  such   employees,   and   the  corporation  shall  assume  and  be  bound  by  all  existing collective  bargaining agreements with such  employee  organizations.  All  existing  terms  and  conditions  of employment of the corporation shall remain in  effect until modified or  changed  in  accordance  with  the  procedures  provided herein.    4.  Any officer or employee of the corporation who heretofore acquired  or shall hereafter acquire such position status by transfer and  who  at  the  time  of such transfer was a member of the New York city employees'  retirement  system  shall,  with  respect  to  such  retirement  system,  continue  to  have  the rights, privileges, obligations and status which  would have applied to him if he had continued  to  hold  the  office  or  position  which  entitled him to such membership prior to such transfer.  Employment by the corporation  shall  constitute  city-service  for  the  purposes  of  title B of chapter three of the administrative code of the  city.    5. The corporation, its officers and employees, shall  be  subject  to  article  fourteen of the civil service law and for all such purposes the  corporation shall be deemed "public employees", provided, however,  that  chapter  fifty-four of the New York City Charter and Administrative Code  and Executive Order No. 52 dated September 29, 1967, promulgated by  the  mayor  of  the  city  of  New  York,  shall apply in all respects to the  corporation, its officers and employees except that paragraph seven  and  paragraph  eight  of said executive order shall not be applicable to the  corporation, its officers and employees. Except as otherwise provided in  collective bargaining agreements the corporation shall establish general  and special grievances procedures which  shall  provide  for  final  and  binding  arbitration  of  grievances as defined in chapter fifty-four of  the administrative code of the city of New York. All general and special  grievance procedures shall be reviewed by  the  personnel  review  board  established under the terms of this act.    6.  Any employee of the corporation shall be authorized to institute a  proceeding against the corporation in accordance with the provisions  of  article  seventy-eight  of the civil practice law and rules, and for the

  purposes hereof the corporation shall be deemed an  administrative  body  or agency within the meaning of the said article seventy-eight.    7.  Nothing  herein  contained shall supersede, impair or diminish the  rights of any officer or employee of the corporation under  or  pursuant  to  section  two  hundred  twenty of the labor law, and for the purposes  hereof the fiscal officer of the corporation shall be the comptroller of  the city of New York.    8. (a)  For  a  period  of  five  years  after  the  creation  of  the  corporation,  the  corporation  shall,  in  its by-laws, provide for the  creation of a personnel review board, consisting of  three  members  who  shall be appointed for annual terms as follows: one member designated by  the  corporation; one member designated by the municipal labor committee  established  pursuant  to  section  1173-9.0  of  the  New   York   city  administrative  code,  and  one  member,  who  shall  be  the  chairman,  designated by the other two members of the personnel review board. After  the aforesaid period of five  years,  all  vacancies  in  the  personnel  review  board  shall be filled by appointment by the mayor. The chairman  of the personnel review board shall receive a per diem fee of  not  less  than  one  hundred  fifty  dollars  and the other two members shall each  receive a per diem fee of not less than one hundred twenty-five dollars,  when actually rendering services, in addition to  actual  and  necessary  expenses incurred in the performance of their duties.    (b)  Except  for  matters  which  are subject to collective bargaining  agreement, the personnel review board shall have the right to review, at  the instance of  any  aggrieved  employee  of  the  corporation  or  any  certified employee organization respresenting such employee, any by-law,  rule  or  regulation  promulgated  pursuant  to  subdivision one of this  section nine or any action of the corporation related thereto  and  upon  such  review  to  direct  the  corporation  to take or refrain from such  action as the personnel review board shall deem proper except,  however,  nothing  contained  in  this section nine shall abridge the right of the  corporation to exercise any managerial prerogatives which were  reserved  by  the  city  in  section five-c of the aforesaid mayor executive order  number fifty-two.    The personnel review board shall,  when  requested  by  the  board  of  directors,  conduct  any  special  reviews,  studies,  investigations or  analyses of the administration of personnel in the corporation.    § 10. Officers and employees not to be interested in transactions.  It  shall  be a misdemeanor for a director of the corporation or an officer,  agent, executive or other employee retained, employed  or  appointed  by  the  corporation  to  be  in  any  manner or way interested, directly or  indirectly, as principal,  surety  or  otherwise,  in  a  contract,  the  expense  or  consideration  whereof  is  payable  out  of  funds  of the  corporation.    § 11. Moneys of the corporation. 1. Any  moneys  of  the  corporation,  from  whatever  source  derived,  shall, except as otherwise provided in  this act, be  deposited  as  soon  as  practicable  in  banks  or  trust  companies  organized  under  the  laws  of the state or national banking  association doing business in the city designated by the board. The said  moneys of the corporation shall be paid out  on  checks  signed  by  the  chairman  of  the  board or by such other person or persons as the board  shall authorize. All deposits of such moneys shall, if required  by  the  board, be secured by obligations of the United States or of the state or  of  the  city  of a market value equal at all times to the amount of the  deposits and all banks and trust companies are authorized to  give  such  security for such deposits.    2.  Subject  to  the  terms  of any contract, lease or other agreement  undertaken by the corporation, any such moneys of  the  corporation  not

  required  for  immediate  use  may,  at  the discretion of the board, be  invested by the corporation in obligations of  the  United  States,  the  state  or the city or in obligations the principal and interest of which  are guaranteed by the United States, the state or the city.    3.  The  comptroller,  or  his  legally  authorized representative, is  hereby authorized to and shall examine annually the accounts  and  books  of  the  corporation  including  its receipts, disbursements, contracts,  reserves, sinking funds, investments and any other matters  relating  to  its financial operation and standing.    §  12.  Issuance  of bonds and notes by the corporation. 1. Subject to  the provisions of section thirteen, the corporation shall have the power  and is hereby authorized, from time to time, to issue  negotiable  bonds  and  notes  in such aggregate principal amounts as shall, in the opinion  of the corporation, be necessary together  with  such  other  moneys  or  funds  as  may  be  available  to  the  corporation,  to  provide  funds  sufficient  to  enable  the  corporation  to  carry  out  its  corporate  purposes,  including  site  acquisition,  construction,  maintenance and  repair of health facilities, the payment of interest on and amortization  of, or payment of such bonds and notes, the establishment of reserves or  sinking funds to secure such bonds and notes, and all other expenditures  of the corporation incident  to  and  necessary  or  desirable  for  the  carrying  out  of its corporate purposes and the exercise of its powers.  Except as may otherwise be expressly provided by the corporation,  every  issue  of  its  bonds  and  notes  shall  be  general obligations of the  corporation payable out of any revenues or moneys  of  the  corporation,  subject  only  to any agreements with the holders of particular bonds or  notes pledging any particular revenues or moneys.  Whether  or  not  the  bonds  or  notes  are  of  such  form  and character as to be negotiable  instruments under  the  provisions  of  article  eight  of  the  uniform  commercial  code,  the  bonds  and  notes  shall  be and are hereby made  negotiable instruments within the meaning of and for all the purposes of  article eight of the  uniform  commercial  code,  subject  only  to  the  provisions of the bonds or notes for registration.    2. The corporation shall have the power and is hereby authorized, from  time  to  time,  to  issue renewal notes, and to refund any bonds by the  issuance of new bonds, whether the bonds to be refunded have or have not  matured, and to issue bonds to pay notes or partly to refund bonds  then  outstanding and partly for any of its corporate purposes.    3.  The  said  bonds  and  notes  shall be authorized by resolution or  resolutions of the board, and shall be dated and shall  mature  as  such  resolution  or  resolutions  may  provide,  except  that  no note or any  renewal thereof shall mature more than five  years  after  the  date  of  issue  of  the  original  note  and no bond shall mature more than forty  years from the date of its issue. Bonds and notes shall bear interest at  such rate or rates, be in such denominations, be in  such  form,  either  coupon or registered, carry such registration privileges, be executed in  such  manner,  be  payable  in  such medium of payment, at such place or  places, and be subject to such terms of redemption as such resolution or  resolutions may provide. Bonds and notes may be sold by the  corporation  at  public  or  private  sale at such price or prices as the corporation  shall determine; provided, however, that no such bonds or notes  may  be  sold  at  a private sale unless the sale and the terms thereof have been  approved by the comptroller in writing.    4. Any resolution or resolutions authorizing any bonds  or  notes  may  contain  provisions,  which shall be a part of the contract or contracts  with the holders thereof, as to    (a) pledging all or any part of the moneys or revenues or other assets  of the corporation to  secure  the  payment  of  such  bonds  or  notes,

  including,  but not limited to, fees, rentals and charges for the use of  a health  facility  and  the  proceeds  of  any  grant  in  aid  of  the  corporation  received  from  any  public or private source and contracts  authorized by section seven of this act;    (b)  the setting aside of reserves or sinking funds and the regulation  or disposition thereof;    (c) limitations on the purposes to which the proceeds of the  sale  of  any  issue  of  bonds  or  notes  then or thereafter to be issued may be  applied and pledging such proceeds to secure the payment of the bonds or  notes or any issue thereof;    (d) limitations on the issuance of  additional  bonds  or  notes;  the  terms  upon  which  such  additional  bonds  or  notes may be issued and  secured; the refunding of outstanding or other bonds or notes;    (e) the procedures, if any, by which the terms of  any  contract  with  the  holders  of bonds or notes may be extended or abrogated, the amount  of bonds or notes the holders of which  must  consent  thereto  and  the