New York Laws
Title 1 - Agencies, Organization and Powers
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.