Legislation
SECTION 2881
Fees and charges
Public Health (PBH) CHAPTER 45, ARTICLE 28-B
§ 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.
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.