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2012 New York Consolidated Laws
PBH - Public Health
Article 28-B - (2870 - 2883) HOSPITAL MORTGAGE LOAN CONSTRUCTION
2876 - Occupancy or other rates.


NY Pub Health L § 2876 (2012) What's This?
 
    § 2876. Occupancy or other rates. An eligible borrower shall, with the
  approval  of  the commissioner, fix rates to be charged for occupancy or
  other use of each project.   The commissioner upon his  own  motion,  or
  upon  application  by  the  eligible borrower or lienholder may vary the
  amount of such charge from time to time so as to secure,  together  with
  all other income of the eligible borrower pledged, assigned or otherwise
  made  available  to  the  agency,  sufficient  income  to  meet,  within
  reasonable limits, all necessary payments by the said eligible  borrower
  of all expenses, including fixed charges, sinking funds and reserves.

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