WILLIAM DONALD SCHAEFER, Governor                   Ch. 325

(f)  "Entrance fee" means an initial or deferred payment of
a sum of money or any other consideration which assures a
subscriber a place in a facility for a term of years or for life.
An accommodation fee, admission fee, or other fee of similar form
and application shall be considered to be an entrance fee.

(g)  "Records" means the financial information and personnel
data maintained by the provider for the proper operation of the
facility pursuant to this subtitle.

(h) "Fiscal year" means the fiscal year of the provider.

(i) "Processing fee" means those costs incurred by the
provider in determining the financial, mental, and physical
eligibility of an applicant for entrance into a facility.

(j) "Certified financial statement" means a complete audit
prepared and certified to by an independent certified public
accountant.

9.

(a)  No provider shall OFFER CONTINUING CARE, enter into or
renew [a contract] CONTINUING CARE AGREEMENTS, BEGIN CONSTRUCTION
FOR NEW OR EXPANDED FACILITIES, OR COLLECT DEPOSITS for
continuing care in this State [without the appropriate
certificate of registration issued by the Office] UNLESS THE
PROVIDER HAS COMPLIED WITH THE PROVISIONS OF §§ 10 AND 11 OF THIS
ARTICLE.

(b)  Any provider who is offering continuing care when this
subtitle takes effect shall be given a reasonable time, not to
exceed 6 months from the date of the issuance of the applicable
rules adopted pursuant to this subtitle, within which to comply
with this subtitle and the rules promulgated pursuant thereto.

[(c) Any provider who, as of July 1, 1980, has offered
continuing care agreements prior thereto and who intends not to
offer new continuing care agreements or to renew such agreements
shall file a statement to that effect with the Office.]

(C) WHEN AN APPLICANT HAS MORE THAN ONE 1 FACILITY
OFFERING CONTINUING CARE, SEPARATE APPLICATIONS FOR PRELIMINARY
AND FINAL CERTIFICATES OF REGISTRATION AND RENEWAL CERTIFICATES
SHALL BE MADE FOR EACH FACILITY.

10.

(a) All providers [licensed under this article or the
Health - General Article] who intend to [offer continuing care
agreements and who have not acquired the necessary facilities for
providing continuing care by the effective date of the rules]
DEVELOP, EXPAND, OR RENOVATE CONTINUING CARE COMMUNITIES shall

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