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.
Last modified: February 3, 2019