New York Codes, Rules and Regulations
Title 10 - DEPARTMENT OF HEALTH
Chapter V - Medical Facilities
Subchapter A - Medical Facilities-minimum Standards
Article 1 - General
Part 400 - All Facilities-General Requirements
Section 400.24 - Charges in connection with certain health care facility financings

Universal Citation: 10 NY Comp Codes Rules and Regs ยง 400.24
Current through Register Vol. 46, No. 39, September 25, 2024

Public Health Law, §§ 2868, 2881; Public Authorities Law, § 2976-a(3)

In connection with the issuance of bonds, notes, or other obligations issued by public benefit corporations (which for purposes of this section shall include the Dormitory Authority of the State of New York and industrial development agencies [IDAs] created pursuant to title 1 of article 18-A of the General Municipal Law or any other provision of law) for the financing of hospital projects approved by the commissioner for which reimbursement is provided pursuant to article 28 of the Public Health Law, the commissioner shall charge for the operational period for such financing which shall be from occupancy date to mortgage discharge, an annual charge of three- tenths of one percent of the mortgage loan, for inspection, regulation, supervision and audit payable monthly to the State Department of Health by the owner or operator of the hospital project. Adjustments of charges for the operational period shall be made by adjusting future operational period payments. For purposes of this section, the term hospital shall have the same meaning as is set forth in section 2801 (1) of the Public Health Law.

Disclaimer: These regulations may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.