Section 2876. Occupancy or other rates  


Latest version.
  • An eligible borrower shall, with the
      approval  of  the commissioner, fix rates to be charged for occupancy or
      other use of each project.   The commissioner upon his  own  motion,  or
      upon  application  by  the  eligible borrower or lienholder may vary the
      amount of such charge from time to time so as to secure,  together  with
      all other income of the eligible borrower pledged, assigned or otherwise
      made  available  to  the  agency,  sufficient  income  to  meet,  within
      reasonable limits, all necessary payments by the said eligible  borrower
      of all expenses, including fixed charges, sinking funds and reserves.