N.Y. General Municipal Law Section 862-A
Additional restrictions on funds of the agency in connection with continuing care retirement communities


No resolution authorizing the issuance of bonds, notes or other obligations of the agency, or for providing financial assistance in any respect, for any continuing care retirement community project shall be adopted unless and until the project has received a certificate of authorization pursuant to Public Health Law § 4604-A (Council approval required for industrial development agency financing in connection with continuing care retirement communities)section forty-six hundred four-a of the public health law, and unless the project will serve the public purposes of this article by preserving permanent, private sector jobs or increasing the overall number of permanent, private sector jobs in the state.

Source: Section 862-A — Additional restrictions on funds of the agency in connection with continuing care retirement communities, https://www.­nysenate.­gov/legislation/laws/GMU/862-A (updated Sep. 22, 2014; accessed Jul. 13, 2024).

Accessed:
Jul. 13, 2024

Last modified:
Sep. 22, 2014

§ 862-A’s source at nysenate​.gov

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