N.Y. Public Health Law § 4676: Industrial development agency financing

§ 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 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 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.