HARRY HUGHES, Governor

919

FOR BATE REVIEW AND APPROVAL, THE COMMISSION SHALL COMPILE
ALL RELEVANT FINANCIAL AND ACCOUNTING INFORMATION.

(2) THE INFORMATION SHALL INCLUDE:

(I)  NECESSARY OPERATING EXPENSES;.

(II)  APPROPRIATE EXPENSES THAT ARE
INCURRED IN PROVIDING SERVICES TO PATIENTS WHO CANNOT OR DO
NOT PAY;

(III)  INCURRED INTEREST CHARGES; AND

(IV)  REASONABLE DEPRECIATION EXPENSES THAT
ARE BASED ON THE EXPECTED USEFUL LIFE OF PROPERTY OR
EQUIPMENT.

(B)  DEFINITION OF REGULATED RATES.

THE COMMISSION SHALL DEFINE, BY RULE OR REGULATION, THE
TYPES AND CLASSES OF CHARGES THAT MAY NOT BE CHANGED, EXCEPT
AS SPECIFIED IN § 19-219 OF THIS SUBTITLE.

(C)  COMPILATION OF RATE STRUCTURES.

THE COMMISSION SHALL OBTAIN FROM EACH FACILITY ITS
CURRENT RATE SCHEDULE AND EACH LATER CHANGE IN THE SCHEDULE
THAT THE COMMISSION REQUIRES.

(D)  REASONABLENESS OF RATES.
THE COMMISSION SHALL:

(1)  PERMIT A NONPROFIT FACILITY TO CHARGE
REASONABLE RATES THAT WILL PERMIT THE FACILITY TO PROVIDE,
ON A SOLVENT BASIS, EFFECTIVE AND EFFICIENT SERVICE THAT IS
IN THE PUBLIC INTEREST; AND

(2)  PERMIT A PROPRIETARY PROFITMAKING FACILITY
TO CHARGE REASONABLE RATES THAT:

(I)  WILL PERMIT THE FACILITY TO PROVIDE
EFFECTIVE AND EFFICIENT SERVICE THAT IS IN THE PUBLIC
INTEREST; AND

(II)  BASED ON THE FAIR VALUE OF THE
PROPERTY AND INVESTMENTS THAT ARE RELATED DIRECTLY TO THE
FACILITY, INCLUDE ENOUGH ALLOWANCE FOR AND PROVIDE A FAIR
RETURN TO THE OWNER OF THE FACILITY.

(E)  CONSIDERATION OF CERTAIN COSTS.

IN THE DETERMINATION OF REASONABLE RATES FOR EACH
FACILITY, AS SPECIFIED IN THIS SECTION, THE COMMISSION SHALL
TAKE INTO ACCOUNT ALL OF THE COST OF COMPLYING WITH