New York § 4624 - 4624Continuing care retirement communities making assurances regarding long term care
Full text of New York New York Consolidated Laws § 4624 — 4624Continuing care retirement communities making assurances regarding long term care, with citation guidance and answers to common questions.
§ 4624. 4624Continuing care retirement communities making assurances regarding long term care
§ 4624. Continuing care retirement communities making assurances regarding long term care. 1. Nothing in this article shall obligate a continuing care retirement community to offer life care contracts; provided, however, that only continuing care retirement communities which offer life care contracts or which comply with the requirements set forth in subdivision two of this section shall be eligible for the following: a. An exemption from a public need determination and establishment approval regarding an on-site or affiliated residential health care facility in accordance with subdivision five of section forty-six hundred four of this article; and b. Industrial development agency financing in accordance with section forty-six hundred four-a of this article; or c. Financing by any public benefit corporation authorized to make loans to continuing care retirement communities under the laws of this state. 2. A continuing care retirement community not exclusively offering life care contracts but desiring eligibility for an exemption from a public need determination and establishment approval and/or for industrial development agency financing or financing by any public benefit corporation authorized to make loans to continuing care retirement communities under the laws of this state must assure that all residents and prospective residents have the ability to fund the estimated cost of nursing facility services for a period of one year. Such assurances may be demonstrated through the terms of the continuing care contract, resident assets, resident income, long term care insurance or refund of all, or a portion of, the entrance fee and shall be in accordance with regulations adopted by the council. The community must pay for such care in the event that resident assets are insufficient to fund the cost of nursing facility care for a one year period.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 4624
What does New York Consolidated Laws § 4624 cover?
Section 4624 ("4624Continuing care retirement communities making assurances regarding long term care") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 4624?
A common citation format is "New York Consolidated Laws § 4624" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 4624 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.