Current through Register Vol. 46, No. 52, December 24, 2024
(a) A voluntary
agency may use an FDC mortgage loan to meet only the following costs:
(1) the construction, acquisition,
reconstruction, rehabilitation, or improvement of a facility;
(2) the acquisition of any interest in or
option to purchase an interest in land, or the acquisition of, or an option to
acquire, an ownership interest in, and a leasehold estate in the premises as
evidenced by a proprietary lease from, an organization formed for the purpose
of cooperative ownership of real estate and any improvements thereon, required
as the site of the facility or for use in connection with the facility, and
preparation of such site and land;
(3) feasibility studies, designs, surveys,
plans, and specifications;
(4)
program development costs;
(5)
engineering and architectural services;
(6) indemnity and surety bonds and insurance
premiums;
(7) equipment including
machinery, fixtures, furnishings and other personal property required for the
operation of the facility;
(8)
costs incurred prior to the date of the first admission, during the period
described in section
686.13(c)(4)(i)
of this Chapter, including personal service, utilities, taxes, insurance,
employee training, housekeeping, repair and maintenance, security, and
administrative expenses;
(9)
operational costs for up to three months from the date of the first admission,
subject to the immediate repayment, at the discretion of the commissioner, of
any or all of that portion of the loan principal attributable to such costs.
For facilities for which the voluntary agency receives reimbursement rates or
fees as a result of services rendered to OPWDD and/or the New York State
Medicaid program, such repayment may be based on an assignment to OPWDD of the
voluntary agency's rate or fee reimbursement for operational costs during such
period, which may, at the discretion of the commissioner, be required from the
voluntary agency in the format prescribed by the commissioner;
(10) costs and expenses in connection with
the issuance of the bonds and notes by MCFFA to finance the facility,
including: interest from the date of such issuance to the date such interest is
paid by MCFFA from the payments made by the voluntary agency; related
administrative and direct costs and fees of MCFFA, trustees, depositories and
paying agents, not including the annual administrative fees charged by MCFFA;
and fees and expenses of financial advisers and consultants in connection with
such issuance;
(11) the cost of
financing and refinancing any of the costs enumerated in this Part, including
interest;
(12) the development
period fee imposed by the commissioner pursuant to section
621.12(a) of this
Part; and
(13) such other costs as
the commissioner may determine to be reasonable and necessary; provided that
such costs are allowable pursuant to the Medicare Provider Reimbursement
Manual.
(b) In
determining the amount of the costs to be met with an FDC mortgage loan, the
foregoing costs shall be reduced by any portion of any State or Federal or
other governmental assistance grant which the commissioner shall determine to
be available to the voluntary agency to meet such costs; provided, however,
that in the case of rate or fee reimbursement for up to the first three months
of operation, such costs may be included in the amount of costs met with the
FDC mortgage loan, subject to repayment as provided in paragraph (a)(9) of this
section.