§ 4676 — Industrial development agency financing

New York § 4676

• Jurisdiction: New York
• Law PBH: Public Health
• Art. 46-A: Fee-for-service Continuing Care Retirement Communities Demonstration Program

Text

§ 4676. Industrial development agency financing. Fee-for-service\ncontinuing care retirement communities developed pursuant to this\narticle shall be eligible for industrial development financing in\naccordance with section forty-six hundred four-a of this chapter except\nfor paragraphs b and g of subdivision two of such section and financing\nby any public benefit corporation authorized to make loans to continuing\ncare retirement communities under the laws of this state provided,\nhowever, the operator of such fee-for-service continuing care retirement\ncommunity has demonstrated capability to comply fully with the\nrequirements for a certificate of authority and has obtained a\ncontingent certificate of authority pursuant to section forty-six\nhundred fifty-five of this article and the operator has agreed to meet\nthe requirements of article eighteen-A of the general municipal law.\n