New York Laws
Article 28-A - Nursing Home Companies
2868 - Fees and Charges.

§ 2868. Fees and charges. The commissioner may by regulation establish
and charge to any nursing home company, for the period of 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 nursing home 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 nursing home project financed
or refinanced with bonds issued on or after April first, two thousand
fourteen.

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