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

§ 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 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.