Section 2307. 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 twenty-three hundred fifteen 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  each  affected  tax
  jurisidiction 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.