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New York · Through 2026-09-11

N.Y. Public Health Law § 2876: Occupancy or other rates

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Where this section sits in the code
  1. Public Health Law
  2. Article 28-B. Hospital Mortgage Loan Construction

§ 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.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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