HARRY HUGHES, Governor                                     2151

regulations to carry out this Act and previous or subsequent acts
for the same purposes. Among other things, these regulations
shall provide for certified annual financial statements from each
facility and may provide for other reports. For each facility,
this information shall be required annually for at least the term
of the bonds used to finance any project at that facility.

(7)  The allocation and use of State funds under this Act
are subject to the following terms and conditions:

(a)  State funds may be used only for the
construction, renovation, and equipping of facilities, including
the reports, plans, specifications, site improvements, surveys,
and programs in connection therewith.

(b)  (i) Any federal grant that is available for this
purpose shall be applied first to the cost of construction,
renovation, or equipping of a facility.

(ii) A State grant shall provide up to 50
percent of the eligible cost remaining after the federal grant
has been applied.

(iii) For projects designated under federal
regulations, State plans, or the departmental regulations
provided for by Section (6)(b) of this Act as eligible for
poverty area funding, State grants shall amount to up to 75
percent of the eligible cost remaining after the federal grant
has been applied.

(c)  The amount of the State grant for any project
shall be determined after consideration of all eligible
applications, the total of unallocated State funds available at
the time the application is received, and such priorities of area
need as may be established by the Department.

(8)  The Board of Public Works shall make allocations from
funds available under this Act in accordance with this Act. The
Board shall certify the allocations to the proper State officers,
and the Treasurer shall make payments to the applicant, when
needed, for the construction, renovation, or equipping of a
facility. The Board may adopt regulations for receiving and
considering applications and for disbursing funds to applicants.

(9)  If, within 15 years after completion of a project, a
nursing home with respect to which funds have been paid under
this Act is sold or transferred to any person, agency, or
organization that would not qualify as an applicant under this
Act, or that is not approved as a transferee by the Board of
Public Works, or if, within the same period, such a nursing home
ceases to be a "facility" as defined in this Act, then the State
may recover from either the transferor or transferee or, in the
case of a nursing home that has ceased to be a "facility" as
defined in this Act, from the owner, an amount bearing the same
ratio to the then-current value of so much of the- property as