2021 New York Laws
PBH - Public Health
Article 28-B - Hospital Mortgage Loan Construction
2881 - Fees and Charges.
§ 2881. Fees and charges. The commissioner may, by regulation, establish and charge to eligible borrowers, for the period from occupancy date to mortgage discharge, a fee for inspection, regulation, supervision and audit not to annually exceed two-tenths of one percent of the mortgage loan to recover the departmental costs in performing these functions in relation to any hospital project financed or refinanced by a loan made under this article prior to April first, two thousand fourteen. Notwithstanding the foregoing, no such fee shall be charged or payable pursuant to this section with respect to a hospital project financed or refinanced with bonds issued on or after April first, two thousand fourteen.
