(a) As used in this section, “administrative oversight charge” means any fee payable to the Department of Housing from sources other than (1) the proceeds from the sale of the state’s general obligation bonds, or (2) the housing repayment and revolving loan program established pursuant to subsection (e) of § 8-37qq, that is imposed to pay all or a portion of the costs and expenses of the Department of Housing in monitoring facilities developed with financial assistance pursuant to any bond-financed state housing program as defined in subsection (a) of § 8-37qq, and ensuring compliance with requirements and restrictions applicable to such facilities.

(b) Notwithstanding the provisions of this section or any regulations adopted thereunder, the amount of the administrative oversight charge per unit shall be as follows: (1) For the period from July 1, 1997, to June 30, 1998, not more than twelve dollars, and (2) on and after July 1, 1998, not more than five dollars.