N.Y. Public Health Law Section 4676
Industrial development agency financing

Fee-for-service continuing care retirement communities developed pursuant to this article shall be eligible for industrial development financing in accordance with § 4604-A (Council approval required for industrial development agency financing in connection with continuing care retirement communities)section forty-six hundred four-a of this chapter except for paragraphs b and g of subdivision two of such section and financing by any public benefit corporation authorized to make loans to continuing care retirement communities under the laws of this state provided, however, the operator of such fee-for-service continuing care retirement community has demonstrated capability to comply fully with the requirements for a certificate of authority and has obtained a contingent certificate of authority pursuant to § 4655 (Certificate of authority required)section forty-six hundred fifty-five of this article and the operator has agreed to meet the requirements of article eighteen-A of the general municipal law.

Source: Section 4676 — Industrial development agency financing, https://www.­nysenate.­gov/legislation/laws/PBH/4676 (updated Sep. 22, 2014; accessed Jul. 13, 2024).

Jul. 13, 2024

Last modified:
Sep. 22, 2014

§ 4676’s source at nysenate​.gov

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