Property management fees may be disbursed at the greater of $150 per building or a rate of:
Supplemental management fees for coordination of repairs and bids may be disbursed in an amount equal to the greater of $1,000 or:
four percent of repairs over $250,000.
The schedule in items A to D reflects maximum loan amounts. Administrators are not precluded from expending additional fees from rent, other loans, or revenues from the property.
In the event there is no progress in the court-ordered repairs, improvements, or alterations for any six-month period, the agency may, in its sole option and discretion, terminate any future disbursements of any and all remaining undisbursed loan proceeds.
MS s 462A.06
15 SR 376
June 11, 2008
Official Publication of the State of Minnesota
Revisor of Statutes