Section 852. Loans of money or credit to hospitals or health related facilities in Suffolk county

Notwithstanding any  general,  special  or
  local  law  or charter provision to the contrary, the county legislature
  of the county of Suffolk shall have the power and is hereby  authorized,
  pursuant  to  section seven of article seventeen of the constitution, to
  lend its money or credit to or in aid of any corporation or  association
  within  its  boundaries,  regulated  by  law as to its charges, profits,
  dividends, and disposition  of  its  property  or  franchises,  for  the
  purpose of providing such health related facility or hospital facilities
  for  the  prevention,  diagnosis  or  treatment  of human disease, pain,
  injury, disability, deformity or physical condition, and for  facilities
  incidental or appurtenant thereto as may be prescribed by law.
    In pursuance of the authority granted herein the county legislature of
  the county of Suffolk shall have the power and is hereby authorized from
  time  to  time  to  issue  its bonds, notes or other obligations in such
  principal amounts as it shall deem necessary, after taking into  account
  other  monies  which may be available for the purposes set forth herein.
  Such bonds, notes or obligations shall be  issued  for  the  purpose  of
  making  loans  to  such  corporations or associations which are eligible
  borrowers, paying interest on such bonds, notes  or  other  obligations;
  establishment  of  reserves  to  secure  such  notes,  bonds,  or  other
  obligations,  and  paying  all  other   obligations   and   expenditures
  incidental  to and necessary or convenient for the making of such loans.
  In connection with the making of loans and  commitments  therefore,  the
  county of Suffolk shall make and collect such fees and charges including
  but not limited to reimbursement of all costs of financing by the county
  of  Suffolk,  service  charges,  insurance premiums and other reasonable
  costs. Such bonds, notes or obligations shall be  issued  in  accordance
  with the applicable provisions of this chapter and the local finance law
  and applicable local laws.
    The  county  legislature  of  the  county  of  Suffolk  shall  also be
  authorized to enact local laws governing the conditions under which such
  loans, commitments and guarantees shall be made.
    The county  legislature  of  the  county  of  Suffolk  shall  also  be
  authorized  to  guaranty loans for the purposes set forth herein made by
  banking  corporations  and  lending  institutions,  in  conformity  with
  applicable laws.
    The  expenditure  of funds, issuance of bonds, notes or obligations or
  guarantee of loans by the county of Suffolk pursuant to  the  provisions
  of  this act and the provisions of section seven of article seventeen of
  the constitution shall be deemed a lawful county purpose.