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Session Laws, 1971
Volume 707, Page 142   View pdf image
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142                                  Laws of Maryland                           [Ch. 35

amendments of 1965; plus (B)
an additional sum to be deter-
mined by the Board of Public
Works, to provide a return
greater than that customarily
earned by the public service and
public utility companies, includ-
ing a profit of not less than 10%
of total costs (including those
costs determined by the Board of
Public Works). In determining
such additional sum the Board of
Public Works shall take into ac-
count such costs as: amortiza-
tion, replacement and/or mod-
ernization of plants, buildings
and equipment, reasonable ad-
ministrative costs, reasonable
rentals, reasonable interest pay-
ments for loans by providers, and
other lawful business expenses.
Homes not submitting audited
costs shall be reimbursed at a
rate not to exceed $7.00 per day,
per patient.

Fee schedules, items of costs
and profit factors established
within this Medical Assistance
Program shall be eligible for fed-
eral matching at Maryland's ap-
plicable federal matching rate
for Title XIX for those eligible
services under Title XIX. If as a
result of fee schedules, items of
cost or profit factors various
costs of services or portions of
costs of services are declared in-
eligible, by the United States'
Department of Health, Educa-
tion and Welfare or any other in-
terested federal agency having
jurisdiction over federal reim-
bursement for services, for fed-
eral matching funds, under Title
XIX, then the fee schedules,
items of cost or profit factors
appropriated herein will be im-
mediately modified to conform
to the federal requirements in
order to receive federal matching
funds. Any modification of fee
schedules, items of cost or profit
factors for services provided to
those federal matched categories
of recipients will be applicable
also to categories of recipients
not matched by federal funds.

 

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Session Laws, 1971
Volume 707, Page 142   View pdf image
 Jump to  
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