New York § 2876 Occupancy or other rates

New York Statutes

§ 2876 — Occupancy or other rates

New York § 2876

Law PBHPublic Health

Art. 28-BHospital Mortgage Loan Construction

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Bluebook

N.Y. Public Health § 2876 (2026).

Text

  § 2876. Occupancy or other rates. An eligible borrower shall, with the\napproval of the commissioner, fix rates to be charged for occupancy or\nother use of each project.  The commissioner upon his own motion, or\nupon application by the eligible borrower or lienholder may vary the\namount of such charge from time to time so as to secure, together with\nall other income of the eligible borrower pledged, assigned or otherwise\nmade available to the agency, sufficient income to meet, within\nreasonable limits, all necessary payments by the said eligible borrower\nof all expenses, including fixed charges, sinking funds and reserves.\n

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§ 2876. Occupancy or other rates. An eligible borrower shall, with the\napproval of the commissioner, fix rates to be charged for occupancy or\nother use of each project. The commissioner upon his own motion, or\nupon application by the eligible borrower or lienholder may vary the\namount of such charge from time to time so as to secure, together with\nall other income of the eligible borrower pledged, assigned or otherwise\nmade available to the agency, sufficient income to meet, within\nreasonable limits, all necessary payments by the said eligible borrower\nof all expenses, including fixed charges, sinking funds and reserves.\n