General Municipal Law 862-A — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 862 Restrictions on funds of the agency up TITLE 1 Agencies, Organization and Powers next SECTION 864 Bonds of the agency Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 862-A Additional restrictions on funds of the agency in connection with continuing care retirement communities General Municipal (GMU) CHAPTER 24, ARTICLE 18-A, TITLE 1 § 862-a. Additional restrictions on funds of the agency in connection with continuing care retirement communities. No resolution authorizing the issuance of bonds, notes or other obligations of the agency, or for providing financial assistance in any respect, for any continuing care retirement community project shall be adopted unless and until the project has received a certificate of authorization pursuant to section forty-six hundred four-a of the public health law, and unless the project will serve the public purposes of this article by preserving permanent, private sector jobs or increasing the overall number of permanent, private sector jobs in the state.