1530                                          LAWS OF MARYLAND                                     Ch. 109

CLOSURE OR DELICENSURE, WITH A WRITTEN STATEMENT OF ANY
OUTSTANDING PUBLIC BODY OBLIGATIONS ISSUED ON BEHALF OF THE
HOSPITAL, WHICH SHALL INCLUDE:

(1)  THE NAME OF EACH ISSUER OF A PUBLIC BODY
OBLIGATION ON BEHALF OF THE HOSPITAL;

(2)  THE OUTSTANDING PRINCIPAL AMOUNT OF EACH PUBLIC
BODY OBLIGATION AND THE DUE DATES FOR PAYMENT OR ANY MANDATORY
REDEMPTION OR PURCHASE THEREOF;

(3)  THE DUE DATES FOR THE PAYMENT OF INTEREST ON EACH
PUBLIC BODY OBLIGATION AND THE INTEREST RATES; AND

(4)  ANY DOCUMENTS AND INFORMATION PERTAINING TO THE
PUBLIC BODY OBLIGATIONS AS THE AUTHORITY OR THE HEALTH SERVICES
COST REVIEW COMMISSION MAY REQUEST.

(F)  (1) WITHIN 60 DAYS AFTER RECEIVING THE WRITTEN
STATEMENT REQUIRED BY SUBSECTION (E) OF THIS SECTION, THE
AUTHORITY SHALL PREPARE A SCHEDULE OF PAYMENTS NECESSARY TO MEET
THE PUBLIC BODY OBLIGATIONS OF THE HOSPITAL.

(2)  AS SOON AS PRACTICABLE AFTER THE PREPARATION OF
THE SCHEDULE OF PAYMENTS AND AFTER CONSULTATION WITH THE ISSUER
OF EACH PUBLIC BODY OBLIGATION AND THE HEALTH SERVICES COST
REVIEW COMMISSION, THE AUTHORITY SHALL PREPARE A PROPOSED PLAN TO
FINANCE, REFINANCE OR OTHERWISE PROVIDE FOR THE PAYMENT OF PUBLIC
BODY OBLIGATIONS. THE PROPOSED PLAN MAY INCLUDE ANY TENDER,
REDEMPTION, ADVANCE REFUNDING OR OTHER TECHNIQUE DEEMED
APPROPRIATE BY THE AUTHORITY.

(3)  THE AUTHORITY SHALL PROMPTLY SUBMIT THE SCHEDULE
OF PAYMENTS AND THE PROPOSED PLAN TO THE HEALTH SERVICES COST
REVIEW COMMISSION.

(G)  (1) THE AUTHORITY MAY ISSUE NEGOTIABLE BONDS OR NOTES
FOR THE PURPOSE OF FINANCING, REFINANCING OR OTHERWISE PROVIDING
FOR THE PAYMENT OF PUBLIC BODY OBLIGATIONS IN ACCORDANCE WITH ANY
PLAN DEVELOPED PURSUANT TO SUBSECTION (F) OF THIS SECTION.

(2)  THE BONDS OR NOTES SHALL BE PAYABLE FROM THE FEES
PROVIDED PURSUANT TO SUBSECTION (H) OF THIS SECTION OR FROM OTHER
SOURCES AS MAY BE PROVIDED IN THE PLAN.

(3)  THE BONDS OR NOTES SHALL BE AUTHORIZED, SOLD,
EXECUTED AND DELIVERED AS PROVIDED FOR IN THIS ARTICLE AND SHALL
HAVE TERMS CONSISTENT WITH ALL EXISTING CONSTITUTIONAL AND LEGAL
REQUIREMENTS.

(4)  IN CONNECTION WITH THE ISSUANCE OF ANY BOND OR
NOTE, THE AUTHORITY MAY ASSIGN ITS RIGHTS UNDER ANY LOAN, LEASE
OR OTHER FINANCING AGREEMENT BETWEEN THE AUTHORITY OR ANY OTHER
ISSUER OF A PUBLIC BODY OBLIGATION AND THE CLOSED OR DELICENSED
HOSPITAL TO THE STATE OR APPROPRIATE AGENCY IN CONSIDERATION FOR