N.Y. General Municipal Law Section 859-B
Special procedure for the provision of financial assistance to continuing care retirement communities

1.

Any applicant for financing of a continuing care retirement community shall present a completed application for a certificate of authority and documentation establishing the continuing care retirement community council’s approval of that application, pursuant to article forty-six of the public health law.

2.

If requested by the agency, the applicant shall present an analysis dealing with any of the issues identified in paragraph (a) of subdivision four of § 874 (Tax exemptions)section eight hundred seventy-four of this article.

3.

Applicants shall present the financial feasibility study, including a financial forecast and market study, and the analysis of economic costs and benefits required by article forty-six of the public health law.

4.

Any information presented by the applicant pursuant to subdivisions one, two and three of this section shall be made available at the time required for published notice of the public hearing required by section eight hundred fifty-nine-a of this article. The agency shall make such information available during regular office hours in at least two locations, at least one of which shall be in the city, town or village within which the proposed project is located. Such notice shall include a statement indicating the location and times of availability of the information required by this section.

5.

The industrial development agency may require the applicant to provide any additional information which it requires in order to meet the purposes of this article.

Source: Section 859-B — Special procedure for the provision of financial assistance to continuing care retirement communities, https://www.nysenate.gov/legislation/laws/GMU/859-B (updated Sep. 22, 2014; accessed Nov. 15, 2025).

850
Short title 852
Policy and purposes of article 854
Definitions 856
Organization of industrial development agencies 857
Video recordings of open meetings and public hearings 858
Purposes and powers of the agency 858–A
Compensation, procurement and investment 858–B
Equal employment opportunities 859
Financial records 859–A
Additional prerequisites to the provisions of financial assistance 859–B
Special procedure for the provision of financial assistance to continuing care retirement communities 860
Moneys of the agency 861
Notification of budget 862
Restrictions on funds of the agency 862–A
Additional restrictions on funds of the agency in connection with continuing care retirement communities 864
Bonds of the agency 866
Notes of the agency 868
Agreements of the municipality and state 870
State and municipality not liable on bonds or notes 872
Bonds and notes as legal investment 874
Tax exemptions 875
Special provisions applicable to state sales and compensating use taxes and certain types of facilities 876
Tax contract by the state 878
Remedies of bondholders and noteholders 880
Actions against the agency 882
Termination of the agency 883
Conflicts of interest 884
Public bidding 886
Title not affected if in part unconstitutional or ineffective 888
Inconsistent provisions in other acts superseded

California:	Codes
Colorado:	C.R.S.
Florida:	Statutes
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

N.Y. General Municipal Law Section 859-B Special procedure for the provision of financial assistance to continuing care retirement communities

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N.Y. General Municipal Law Section 859-B
Special procedure for the provision of financial assistance to continuing care retirement communities