Section 75.21. Rates and fees  


Latest version.
  • A  company  shall,  with the approval of the commissioner, fix maximum
      rates and fees to be charged in-patients or out-patients of each project
      for the  facilities  and  services  provided  by  the  company  to  such
      in-patients  or out-patients, the average of such rates and fees for any
      one project not to exceed the maximum average rates and fees  determined
      by  the  commissioner before any commitments are made by the company for
      the  construction,  acquisition,  reconstruction,   rehabilitation,   or
      improvement  of  the  project.  The commissioner upon his own motion, or
      upon application by the company or lienholder may  vary  the  amount  of
      such rates and fees from time to time so as to secure, together with all
      other   income  of  the  company,  sufficient  income  to  meet,  within
      reasonable limits, all necessary payments by the  said  company  of  all
      expenses, including fixed charges, sinking funds, and reserves.