In 1987, the Legislature enacted legislation authorizing respondent New York State Medical Care Facilities Finance Agency (hereinafter MCFFA) to issue up to $2.2 billion worth of 30-year bonds to finance the construction and improvement of mental hygiene facilities (see, McKinney's Uncons Laws of NY § 7419-a). Although the State is expressly not liable for notes or bonds issued by MCFFA (McKinney's Uncons Laws of NY § 7416...
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