Rensselaer County, N.Y., officials are still considering a sale and leaseback of a county-owned nursing home despite warnings from the state comptrollers office that the deal could violate state finance law, sources with knowledge of the proposed transaction say.

County officials have proposed a sale and leaseback of the Van Rensselaer Manor nursing home to help cover a projected $3 million deficit in its 1992 fiscal year and a possible accumulated 1993 deficit of $9 million.

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