Section 1953-A. Additional prerequisites to the provision of financial assistance

Prior to providing any financial assistance of more than one  hundred thousand dollars to any project, the authority must comply  with
  the following prerequisites:
    1.  The  authority  must adopt a resolution describing the project and
  the financial  assistance  that  the  authority  is  contemplating  with
  respect  to  such  project. Such assistance shall be consistent with the
  uniform  tax  exemption  policy  adopted  by  the  agency  pursuant   to
  subdivision  one  of  section  nineteen  hundred  sixty-three-a  of this
  chapter, unless the agency has followed procedures  for  deviation  from
  such policy specified in subdivision two of such section.
    2.  The  authority  must  hold  a  public  hearing with respect to the
  project and the proposed financial assistance being contemplated by  the
  authority.  At said public hearing, interested parties shall be provided
  reasonable opportunity, both orally and in  writing,  to  present  their
  views with respect to the project.
    3.  The authority must give at least ten days published notice of said
  public hearing and shall, at the  same  time,  provide  notice  of  such
  hearing  to the chief executive officer of the affected tax jurisdiction
  within which the project is located. The notice of  hearing  must  state
  the  time  and  place  of  the  hearing,  contain  a general, functional
  description of the project, describe the  prospective  location  of  the
  project,  identify the initial owner, operator or manager of the project
  and generally describe the  financial  assistance  contemplated  by  the
  authority with respect to the project.