New York Laws
Article 28-B - Hospital Mortgage Loan Construction
2876 - Occupancy or Other Rates.

§ 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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