S. 8802 2
[e.] 5. to approve or reject applications to obtain a certificate of
authority for the establishment and operation of a continuing care
retirement community. In reviewing applications, the commissioner shall
consider the extent to which the applications reflect various sponsor-
ships, organizational structures, geographic dispersion, and the public
benefit. In determining the public benefit of a community requiring
construction of a total nursing facility component greater than or equal
to ninety beds, the commissioner shall obtain and consider the recommen-
dation of the public health and health planning council with regard to
the effect of the construction of the community's nursing facility beds
upon existing facilities in the same geographic area;
[f.] 6. to require the reporting of such facts and information as the
commissioner may deem necessary to enforce the provisions of this arti-
cle;
[g.] 7. to coordinate the oversight of operating communities and to
assign review and regulatory responsibility for particular aspects of
such communities to the appropriate agencies, consistent with their
legal authority, to assure consistent state supervision without dupli-
cation of inspection or regulatory review;
[h.] 8. to make such recommendations to the governor and the legisla-
ture as may be necessary to encourage or further regulate the develop-
ment of continuing care retirement communities;
[i.] 9. to establish and charge equitable and reasonable annual charg-
es for operators, not to exceed fifty dollars per approved living unit,
to subsidize, in part, expenditures incurred in reviewing applications
for certificates of authority and in inspecting, regulating, supervising
and auditing continuing care retirement communities;
[j.] 10. to adopt rules and regulations and amendments thereto to
effectuate the provisions of this article;
[k.] 11. to revoke, suspend, limit, or annul a certificate of authori-
ty under conditions set forth in section forty-six hundred fifteen of
this article, including when such action is taken at the specific
request of any participating council agency[.];
[l.] 12. to carry out any other responsibilities entrusted to the
commissioner pursuant to this chapter that may be necessary with regard
to the health care activities of continuing care retirement communities;
[m.] 13. to make available to all prospective operators all pertinent
regulations regarding health and insurance necessary to comply with this
article;
[n.] 14. to approve or reject applications for authorization by
prospective continuing care retirement community applicants, entities
that have filed an application for a certificate of authority and opera-
tors, to enter into cancellable priority reservation agreements and to
collect refundable priority reservation fees from prospective residents;
[o.] 15. to require the reporting of such facts and information as the
commissioner may deem necessary to determine whether characteristics of
residential health care demonstration facilities such as comprehensive
systems of residential and support services for the elderly may be
successfully incorporated into existing or approved continuing care
retirement communities;
[p.] 16. to review and approve or reject applications by continuing
care retirement community operators to use entrance fees to assist the
operator in financing the construction or purchase of a proposed contin-
uing care retirement community in accordance with paragraph b of subdi-
vision six of section forty-six hundred ten of this article; [and]
S. 8802 3
[q.] 17. to review and approve or reject any proposed financing by
industrial development agencies of continuing care retirement communi-
ties pursuant to article eighteen-A of the general municipal law as
authorized by section forty-six hundred four-a of this article[.]; AND
18. TO COORDINATE THE INTERAGENCY REGULATORY REVIEW OF THE APPLICA-
TIONS, DEVELOPMENT AND OPERATIONS OF COMMUNITIES IN ORDER TO MINIMIZE
DUPLICATION OR DELAY.
§ 2. Section 4603 of the public health law, as added by a chapter of
the laws of 2025 amending the public health law and the insurance law
relating to promoting efficient and effective oversight of continuing
care retirement communities and repealing certain provisions of such law
relating thereto, as proposed in legislative bills numbers S. 4585 and
A. 1464-A, is amended to read as follows:
§ 4603. Continuing care retirement community council; powers and
duties. 1. The continuing care retirement community council is hereby
established, to consist of the following, or their designees: the attor-
ney general; the commissioner; the director of the office for the aging;
and eight public members appointed by the governor [with the advice and
consent of the senate]. Such public members shall be representative of
the public, and have a demonstrated expertise or interest in continuing
care retirement communities; provided that no more than one such member
shall be a sponsor, owner, operator, manager, member of a board of
directors, or shareholder of a continuing care retirement community. At
least two public members shall be residents of a continuing care retire-
ment community. At least one of the public members shall be a represen-
tative of an organization with demonstrated experience in representing
the interests of senior citizens. The public members of the council
shall have fixed terms of four years. The council shall be chaired by
the commissioner or the designee of such commissioner.
(A) Members of such council shall serve without compensation for their
services as members of the council, except that each of them may be
allowed the necessary and actual expenses which such member shall incur
in the performance of their duties under this article.
(B) A MAJORITY OF THE APPOINTED VOTING MEMBERSHIP OF THE COUNCIL SHALL
CONSTITUTE A QUORUM.
2. The council shall meet as often as THE COMMISSIONER may [be deemed]
DEEM necessary to fulfill its responsibilities. The council shall have
the following powers and duties:
a. to [assist] ADVISE the commissioner on policy matters related to
the establishment and operation of continuing care retirement communi-
ties;
b. to [assist] ADVISE the commissioner in the development of the
state's overall policy regarding continuing care retirement communities
and cause studies and research to be conducted as it may deem advisable
and necessary; and
c. to make [such] ANY OTHER recommendations to the [governor and the
legislature] COMMISSIONER as may be necessary to encourage or further
regulate the development of continuing care retirement communities.
§ 3. Subdivision 4 of section 4604 of the public health law, as
amended by a chapter of the laws of 2025 amending the public health law
and the insurance law relating to promoting efficient and effective
oversight of continuing care retirement communities and repealing
certain provisions of such law relating thereto, as proposed in legis-
lative bills numbers S. 4585 and A. 1464-A, is amended to read as
follows:
S. 8802 4
4. No certificate of authority shall be issued unless [the commission-
er has approved] an application meeting the requirements of this section
and all other requirements established by law [including] HAS BEEN
APPROVED BY:
a. (I) the SUPERINTENDENT OF FINANCIAL SERVICES AS TO THE actuarial
principles involved, the financial feasibility of the facility, the form
and content of the proposed contracts to be entered into with residents
and insurance contracts between an operator and an insurer requiring the
insurer to assume, wholly or in part, the cost of medical or health
related services to be provided to a resident[, provided that the review
may be conducted by the commissioner or the designee of such commission-
er, including any necessary independent actuarial review];
[b.] (II) THE SUPERINTENDENT OF FINANCIAL SERVICES AS TO the rates and
rating methodology, if any, to be used by the operator to determine any
entrance fee, monthly care fee and/or any separate charges for the hous-
ing component of the continuing care contract including but not limited
to a cooperative or condominium fee charged to the resident as proposed
in said operator's application for certificate of authority. Subsequent
increases in any entrance or monthly care fee in excess of fees calcu-
lated pursuant to the approved rating methodology shall require approval
of the [commissioner] SUPERINTENDENT. The term "rating methodology" as
used herein shall incorporate a combination of variables including but
not limited to a pricing structure for comparable services, projected
operating and health care costs and the applicable inflationary impact
thereon, projected income and occupancy rates and the refundability
component of the continuing care retirement contract;
[c.] (III) THE SUPERINTENDENT OF FINANCIAL SERVICES AS TO any monthly
care fee charged to a resident which may be increased or decreased
subject to approval by the [commissioner] SUPERINTENDENT OF FINANCIAL
SERVICES, provided, that monthly care fees may be increased or decreased
without specific approval as long as such increase or decrease does not
exceed a relevant cost index or indices which reflect all components of
continuing care including the costs associated with provision of health
care as determined and promulgated at least annually by the [commission-
er or the designee of such commissioner, including any necessary inde-
pendent actuarial review] SUPERINTENDENT, and provided further that the
[commissioner] SUPERINTENDENT is notified of any such increase or
decrease prior to its taking effect;
[d. the requirement that an] (IV) AN individual resident's monthly
care fee shall not be modified because of the increased need for
services of that resident;
[e.] B. THE COMMISSIONER AS TO THOSE aspects of the application relat-
ing to adult care facility beds, if any;
[f. review by] C. the public health and health planning council as to
the establishment of a skilled nursing facility by the applicant and as
to such other facilities and services as may require the public health
and health planning council's approval of the application; provided,
however, that the recommendations of the health systems agency having
geographical jurisdiction of the area where the continuing care retire-
ment community is located shall not be required with respect to the
establishment of an on-site or affiliated residential health care facil-
ity to serve residents as part of the continuing care retirement commu-
nity, for up to the total number of residential health care facility
beds provided for in subdivision five of this section in communities
statewide;
S. 8802 5
D. THE COMMISSIONER UNDER SECTION TWENTY-EIGHT HUNDRED TWO OF THIS
CHAPTER; provided, [further] HOWEVER, that, the recommendations of the
public health and health planning council and the health systems agency
having geographical jurisdiction of the area where the continuing care
retirement community is located shall not be required with respect to
the construction of an on-site or affiliated residential health care
facility to serve residents as part of the continuing care retirement
community, for up to the total number of residential health care facili-
ty beds provided for in subdivision five of this section in communities
statewide; and
[g. upon consultation with] E. the attorney general, as to those
aspects of the application relating to a cooperative, condominium or
other equity arrangement for the independent living unit, if any.
§ 4. The opening paragraph of subdivision 6 of section 4604 of the
public health law, as amended by a chapter of the laws of 2025 amending
the public health law and the insurance law relating to promoting effi-
cient and effective oversight of continuing care retirement communities
and repealing certain provisions of such law relating thereto, as
proposed in legislative bills numbers S. 4585 and A. 1464-A, is amended
to read as follows:
If the [applicant has satisfied the criteria] APPROVALS required by
subdivision four of this section HAVE BEEN OBTAINED, the commissioner
shall either approve or reject the application. In order to approve the
application, the commissioner shall have determined that:
§ 5. Section 4605-a of the public health law, as amended by a chapter
of the laws of 2025 amending the public health law and the insurance law
relating to promoting efficient and effective oversight of continuing
care retirement communities and repealing certain provisions of such law
relating thereto, as proposed in legislative bills numbers S. 4585 and
A. 1464-A, is amended to read as follows:
§ 4605-a. Certificate of authority; authority to offer continuing care
at home contracts. A continuing care retirement community may offer
continuing care at home contracts upon approval by the commissioner to
amend the continuing care retirement community's certificate of authori-
ty. In order to qualify for an amendment to its certificate of authori-
ty, the continuing care retirement community shall submit to the commis-
sioner the following:
1. a business plan to the commissioner AND THE SUPERINTENDENT that
includes the following:
(a) a description of the continuing care at home services that will be
provided, the market that will be served by the continuing care at home
contracts, and the fees to be charged to prospective continuing care at
home contract holders;
(b) a copy of the proposed continuing care at home contract; and
(c) an actuarial study prepared by an independent actuary in accord-
ance with standards adopted by the American Academy of Actuaries demon-
strating the impact that the continuing care at home contracts will have
on the overall operations of the continuing care retirement community
and further demonstrating that the addition of continuing care at home
contracts will not jeopardize the financial solvency of the continuing
care retirement community.
2. a market feasibility study demonstrating to the commissioner AND
THE SUPERINTENDENT sufficient consumer interest in continuing care at
home contracts and further demonstrating that the addition of continuing
care at home contracts will not have an adverse impact on the provision
of services to continuing care retirement contract holders.
S. 8802 6
3. materials that meet all requirements established by the NEW YORK
STATE department OF FINANCIAL SERVICES.
4. a copy of the notification sent to continuing care retirement
contract holders describing the anticipated impact of the addition of
continuing care at home contracts on continuing care retirement communi-
ty resources and proof that such notification has been distributed to
all continuing care retirement contract holders.
§ 6. Subdivision 3 of section 4605-b of the public health law, as
amended by a chapter of the laws of 2025 amending the public health law
and the insurance law relating to promoting efficient and effective
oversight of continuing care retirement communities and repealing
certain provisions of such law relating thereto, as proposed in legisla-
tive bills numbers S. 4585 and A. 1464-A, is amended to read as follows:
3. Conditions set forth by the NEW YORK STATE department OF FINANCIAL
SERVICES, based upon the [commissioner's] SUPERINTENDENT'S assessment of
the following:
(a) the overall financial impact on the community; and
(b) the submitted materials set forth in section forty-six hundred
five-a of this article.
§ 7. Section 4607 of the public health law, as amended by a chapter of
the laws of 2025 amending the public health law and the insurance law
relating to promoting efficient and effective oversight of continuing
care retirement communities and repealing certain provisions of such law
relating thereto, as proposed in legislative bills numbers S. 4585 and
A. 1464-A, is amended to read as follows:
§ 4607. Annual statement. 1. Within four months of close of the oper-
ator's fiscal year, unless an extension of time to file has been grant-
ed, the operator shall file an annual statement with the commissioner
AND SUPERINTENDENT showing the condition as of the last day of the
preceding calendar or fiscal year. If the commissioner [does] AND SUPER-
INTENDENT DO not receive the annual statement within four months of the
end of the operator's fiscal year or have not granted an extension of
time to file, the commissioner may charge a late fee.
2. The annual statement shall be in such form as the commissioner
prescribes and shall contain at least the following:
a. Any change in status with respect to the information required to be
submitted pursuant to section forty-six hundred four of this article;
b. Financial statements audited by an independent certified public
accountant, which shall contain, for two or more periods if the communi-
ty has been in existence that long, the following:
(i) an accountant's opinion and, in accordance with generally accepted
accounting principles:
(A) a balance sheet,
(B) a statement of income and expenses,
(C) a statement of equity or fund balances,
(D) a statement of changes in financial position,
(ii) notes to the financial statements considered customary or neces-
sary to ensure full disclosure of the financial statements, financial
condition, and operation;
c. A detailed listing of the assets maintained for the reserves;
d. A copy of the most recent actuarial review of the community,
including such information as may be required by the [commissioner]
SUPERINTENDENT including an opinion of a qualified consulting actuary,
as to the current and projected soundness of the community, provided
however that a new actuarial review must be submitted triennially; and
S. 8802 7
e. Such other reasonable financial and other information as the
commissioner AND SUPERINTENDENT may require with respect to the operator
or the community, or its directors, controlling persons, trustees,
members, branches, subsidiaries or affiliates to determine the financial
status of the community and the management capabilities of the operator.
3. Sixty days before commencement of each calendar or fiscal year or
official opening date, whichever is applicable, each operator shall file
with the commissioner AND SUPERINTENDENT a computation of the annual
long-term debt service and a projected annual revenue and expense summa-
ry for the next ten years.
§ 8. Subdivision 1 of section 4658 of the public health law, as
amended by a chapter of the laws of 2025 amending the public health law
and the insurance law relating to promoting efficient and effective
oversight of continuing care retirement communities and repealing
certain provisions of such law relating thereto, as proposed in legisla-
tive bills numbers S. 4585 and A. 1464-A, is amended to read as follows:
1. Within four months of close of an operator's fiscal year, unless an
extension of time to file has been granted, the operator shall file an
annual statement with the commissioner showing the condition as of the
last day of the preceding calendar or fiscal year. If the commissioner
does not receive the annual statement within four months of the end of
the operator's fiscal year or has not granted an extension of time to
file, the [council] COMMISSIONER may charge a late fee.
§ 9. Subdivision 16 of section 4608 of the public health law, as
amended by a chapter of the laws of 2025 amending the public health law
and the insurance law relating to promoting efficient and effective
oversight of continuing care retirement communities and repealing
certain provisions of such law relating thereto, as proposed in legis-
lative bills numbers S. 4585 and A. 1464-A, is amended to read as
follows:
16. A statement that any amendment to the contract and any change in
fees or charges, other than those within the guidelines of an approved
rating system, must be approved by the [commissioner] SUPERINTENDENT OF
FINANCIAL SERVICES;
§ 10. Subdivisions 1 and 2 of section 4614 of the public health law,
as amended by a chapter of the laws of 2025 amending the public health
law and the insurance law relating to promoting efficient and effective
oversight of continuing care retirement communities and repealing
certain provisions of such law relating thereto, as proposed in legis-
lative bills numbers S. 4585 and A. 1464-A, are amended to read as
follows:
1. The commissioner, or designee; AND THE SUPERINTENDENT, OR DESIGNEE;
may at any time, and shall at least once every three years, visit each
community and examine the business of any applicant for a certificate of
authority and any operator engaged in the execution of continuing care
retirement contracts or continuing care at home contracts or engaged in
the performance of obligations under such contracts. Routine examina-
tions may be conducted by having documents designated by and submitted
to such [commissioner] COMMISSIONERS OR SUPERINTENDENT, which shall
include financial documents and records conforming to commonly accepted
accounting principles and practices. The final written report of each
such examination conducted by such [commissioner] COMMISSIONERS OR
SUPERINTENDENT shall be filed with the commissioner and, when so filed,
shall constitute a public record. A copy of each report shall be
provided to members of the continuing care retirement community council.
Any operator being examined shall, upon request, give reasonable and
S. 8802 8
timely access to all of its records. The representative or examiner
designated by the [commissioner] COMMISSIONERS OR SUPERINTENDENT,
RESPECTIVELY may, at any time, examine the records and affairs and
inspect the community's facilities, whether in connection with a formal
examination or not.
2. Any duly authorized officer, employee, or agent of the HEALTH
department, OR DEPARTMENT OF FINANCIAL SERVICES may, upon presentation
of proper identification, have access to, and inspect, any records main-
tained by the community relevant to the RESPECTIVE agency's regulatory
authority, with or without advance notice, to secure compliance with, or
to prevent a violation of, any provision of this article.
§ 11. Paragraphs g and j of subdivision 1 of section 4615 of the
public health law, as amended by a chapter of the laws of 2025 amending
the public health law and the insurance law relating to promoting effi-
cient and effective oversight of continuing care retirement communities
and repealing certain provisions of such law relating thereto, as
proposed in legislative bills numbers S. 4585 and A. 1464-A, are amended
to read as follows:
g. The operator failed to comply with[, or violated, any proper order,
rule or regulation of the council or violated] any provision of this
article;
j. The [commissioner] SUPERINTENDENT OF FINANCIAL SERVICES has made a
determination that the operator is insolvent within the meaning of
section one thousand three hundred nine of the insurance law; or
§ 12. Paragraph g of subdivision 1 of section 4668 of the public
health law, as amended by a chapter of the laws of 2025 amending the
public health law and the insurance law relating to promoting efficient
and effective oversight of continuing care retirement communities
and repealing certain provisions of such law relating thereto, as
proposed in legislative bills numbers S. 4585 and A. 1464-A, is amended
to read as follows:
g. The operator failed to comply with, or violated, any proper order,
rule or regulation [of the council], or violated any provision of this
article;
§ 13. Subdivision 1 of section 4623 of the public health law, as
amended by a chapter of the laws of 2025 amending the public health law
and the insurance law relating to promoting efficient and effective
oversight of continuing care retirement communities and repealing
certain provisions of such law relating thereto, as proposed in legisla-
tive bills numbers S. 4585 and A. 1464-A, is amended to read as follows:
1. The commissioner may approve an application for a certificate of
authority and may issue a certificate of authority for the establishment
and operation of a continuing care retirement community under an
arrangement which otherwise complies with the requirements of this arti-
cle except that the costs of nursing facility or home health care
services are paid for in whole or in part by (a) long term care insur-
ance obtained and paid for by the resident or by medical assistance
payments in accordance with the partnership for long term care program
pursuant to section three hundred sixty-seven-f of the social services
law and section three thousand two hundred twenty-nine of the insurance
law or (b) other group or individual long term care insurance approved
by the superintendent [and the council] in connection with the applica-
tion. The [council] COMMISSIONER, in consultation with the superinten-
dent, shall provide for adequate disclosure to residents of their
options, rights and obligations under such an arrangement, and shall
S. 8802 9
establish standards for the remittance and collection of premiums and
monthly care fees.
§ 14. The opening paragraph of subdivision 5 of section 4655 of the
public health law, as amended by a chapter of the laws of 2025 amending
the public health law and the insurance law relating to promoting effi-
cient and effective oversight of continuing care retirement commu-
nities and repealing certain provisions of such law relating thereto,
as proposed in legislative bills numbers S. 4585 and A. 1464-A, is
amended to read as follows:
If the [applicant has satisfied the criteria] APPROVALS required by
subdivision four-a of this section have been obtained, the commissioner
shall either approve or reject the application. In order to approve the
application, the commissioner shall have determined that:
§ 15. Section 4611 of the public health law, as amended by a chapter
of the laws of 2025 amending the public health law and the insurance law
relating to promoting efficient and effective oversight of continuing
care retirement communities and repealing certain provisions of such
law relating thereto, as proposed in legislative bills numbers S. 4585
and A. 1464-A, is amended to read as follows:
§ 4611. Reserves and supporting assets. 1. An operator shall maintain
reserve liabilities and supporting assets in an amount and for the
purposes set forth in a regulation issued by the [commissioner] SUPER-
INTENDENT OF FINANCIAL SERVICES. Liquid assets must be maintained for
the following reserve liabilities:
a. Principal and interest payments and payments for taxes and insur-
ance for up to twelve months;
b. Total estimated operating costs for up to six months as set by the
[commissioner] SUPERINTENDENT;
c. Repairs and replacements for up to twelve months; and
d. In addition, the amount of liquid assets must meet any cash flow
requirements and conditions as set forth in a regulation.
2. The assets in support of reserve liabilities of subdivision one of
this section shall meet quantitative and qualitative standards set forth
in regulations issued by the [commissioner] SUPERINTENDENT.
§ 16. Section 1119 of the insurance law, as amended by a chapter of
the laws of 2025 amending the public health law and the insurance law
relating to promoting efficient and effective oversight of continu-
ing care retirement communities and repealing certain provisions of
such law relating thereto, as proposed in legislative bills numbers S.
4585 and A. 1464-A, is amended to read as follows:
§ 1119. Limited exemption for continuing care retirement communities.
(A) An organization complying with the provisions of article forty-six
of the public health law may operate without being licensed under this
chapter and without being subject to any provisions of this chapter,
except to the extent that such organization must comply with the
provisions of this chapter by virtue of such article, AND SUCH ORGANIZA-
TION MUST COMPLY WITH RULES AND REGULATIONS OF THE SUPERINTENDENT RELAT-
ING TO:
(1) FINANCIAL FEASIBILITY OF THE CONTINUING CARE RETIREMENT COMMUNITY,
(2) ACTUARIAL PRINCIPLES ESTABLISHED RELATING TO SUCH COMMUNITIES,
(3) APPROVAL OF CONTINUING CARE RETIREMENT CONTRACTS AND THE RATES AND
RATING SYSTEM, IF ANY, FOR SUCH CONTRACTS.
(B) THE SUPERINTENDENT MAY PROMULGATE REGULATIONS IN EFFECTUATING THE
PURPOSES AND THE PROVISIONS OF THIS CHAPTER AND ARTICLE FORTY-SIX OF THE
PUBLIC HEALTH LAW, WHICH MAY INCLUDE REQUIREMENTS APPLICABLE TO THE
S. 8802 10
CONTRACTS BETWEEN A CONTINUING CARE RETIREMENT COMMUNITY AND ITS RESI-
DENTS.
(C) SUCH ORGANIZATION SHALL BE SUBJECT TO THE PROVISIONS OF ARTICLE
SEVENTY-FOUR OF THIS CHAPTER. PRIOR TO COMMENCING ACTION UNDER SUCH
ARTICLE SEVENTY-FOUR, THE SUPERINTENDENT SHALL CONSULT WITH THE CONTINU-
ING CARE RETIREMENT COMMUNITY COUNCIL ESTABLISHED PURSUANT TO SECTION
FORTY-SIX HUNDRED TWO OF THE PUBLIC HEALTH LAW.
§ 17. Section 34 of a chapter of the laws of 2025 amending the public
health law and the insurance law relating to promoting efficient and
effective oversight of continuing care retirement communities and
repealing certain provisions of such law relating thereto, as proposed
in legislative bills numbers S. 4585 and A. 1464-A, is REPEALED.
§ 18. Section 36 of a chapter of the laws of 2025 amending the public
health law and the insurance law relating to promoting efficient and
effective oversight of continuing care retirement communities and
repealing certain provisions of such law relating thereto, as proposed
in legislative bills numbers S. 4585 and A. 1464-A, is amended to read
as follows:
§ 36. This act shall take effect immediately[; provided, however, that
sections three, nine, eleven, twelve, thirteen, twenty-eight and twen-
ty-nine of this act shall take effect June 1, 2026. Effective imme-
diately, the addition, amendment and/or repeal of any rule or regu-
lation necessary for the implementation of this act on its effective
date are authorized to be made and completed on or before such effective
date].
§ 19. This act shall take effect immediately; provided however, that
sections one, two, three, four, five, six, seven, eight, nine, ten,
eleven, twelve, thirteen, fourteen, fifteen and sixteen of this act
shall take effect on the same date and in the same manner as a chapter
of the laws of 2025 amending the public health law and the insurance law
relating to promoting efficient and effective oversight of continuing
care retirement communities and repealing certain provisions of such
law relating thereto, as proposed in legislative bills numbers S. 4585
and A. 1464-A, takes effect.
