M.S. COLEMAN, J.
In 1969, the Legislature enacted 1969 PA 38, amended by 1970 PA 142 (effective August 1). This is the Hospital Finance Authority Act, MCLA 331.31 et seq.; MSA 14.1220(1) et seq. The title sets forth the legislation as designed
"* * * to create a state hospital finance authority to lend money to nonprofit hospitals for capital improvements; to provide for the incorporation of local hospital authorities with power to construct...
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