N.Y. PBH Law § 2876
This is the official text of N.Y. PBH Law § 2876, part of New York’s PBH Law — part of the compiled statutory law of New York, published by the state as "PBH Law." Browse the sections below, each linked to its official government source.
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Occupancy or other rates
Official statutory 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
Status: in_force · Read it on the official government site
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