{"data":{"id":"us-ny/n.y.-public-health-law-4611","jurisdiction":"us-ny","citation":"N.Y. Public Health Law § 4611","heading":"Reserves and supporting assets","body":"§ 4611. Reserves and supporting assets. 1. An operator shall maintain\nreserve liabilities and supporting assets in an amount and for the\npurposes set forth in a regulation issued by the superintendent of\nfinancial services. Liquid assets must be maintained for the following\nreserve liabilities:\n  a. Principal and interest payments and payments for taxes and\ninsurance for up to twelve months;\n  b. Total estimated operating costs for up to six months as set by the\nsuperintendent;\n  c. Repairs and replacements for up to twelve months; and\n  d. In addition, the amount of liquid assets must meet any cash flow\nrequirements and conditions as set forth in a regulation.\n  2. The assets in support of reserve liabilities of subdivision one of\nthis section shall meet quantitative and qualitative standards set forth\nin regulations issued by the superintendent.","path":["Public Health Law","Article 46. Continuing Care Retirement Communities"],"source_url":"https://legislation.nysenate.gov/api/3/laws/PBH/4611","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"ed1f18547adcde4f4aa4a5aee45474b00a3f5a21820e4b777e7f31e0adc602b2","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-public-health-law-4610","next":"us-ny/n.y.-public-health-law-4612"},"notice":"GroundRules: Original legal text. Not legal advice."}