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

§ 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 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.