§ 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.