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Title: Section 87.21 - Charges for development period

87.21 Charges for development period. (Additional statutory authority: Public Health Law, õ 2868, 2881)

The governmental supervising agency charges for the development period from inception of the project to, but not including, the occupancy date, for mortgage closings on or after July 1, 1970, shall be nine-tenths of one percent of the mortgage loan, payable on requisition on or after the mortgage closing to the State Department of Health by the mortgagor. Adjustments of charges for the development period shall be made by adjusting future operational period payments.


VOLUME A-2 (Title 10)