WILLIAM DONALD SCHAEFER, Governor                   Ch. 325

(2)  THE AGREEMENT TO BE USED BETWEEN THE PROVIDER AND
THE SUBSCRIBER MEETS THE REQUIREMENTS OF §§ 13, 14, AND 15 OF
THIS ARTICLE;

(3)  ALL OF THE FINANCIAL AND ORGANIZATIONAL MATERIALS
REQUIRED TO BE SUBMITTED UNDER SUBSECTION (E) OF THIS SECTION
HAVE BEEN SUBMITTED TO THE OFFICE; AND

(4)  ALL ADVERTISING AND PROMOTIONAL MATERIALS HAVE
BEEN APPROVED BY THE OFFICE.

(g) If a [final] PRELIMINARY certificate of registration is
not [issued] OBTAINED FROM THE OFFICE within [24] 6 months of the
[issuance of a preliminary certificate of registration] APPROVAL
OF A FEASIBILITY STUDY, or such longer time as is allowed by the
Office [on Aging] for good cause shown, [the Office shall
require] the [person] PROVIDER SHALL [to] refund all deposits and
[to] cease in its attempts to [offer] MARKET continuing care at
the location specified in the [feasibility study] APPLICATION.

11.

[(a) A provider shall file an application for a certificate
of registration on a form prescribed by the Office. The
application shall contain at least the following information and
be supported by the following attachments:

(1)  The name and address of the facility and the name
and address of any affiliated parent or subsidiary corporation or
partnership.

(2)  The names and addresses of the provider if the
provider is an individual; the partners or members if the
provider is a partnership or other unincorporated association; or
the stockholders holding at least a 10 percent interest in a
stock corporation, or the members in a nonstock corporation, and
the members of the board of directors if the provider is a
corporation; along with any significant financial interests such
persons may have with a vendor or provider of services at the
facility. As used in this subsection, a "significant financial
interest" means an interest of 10% or more.

(3)  A copy of the corporate charter, partnership
agreement, articles of association, membership agreement, or
trust agreement as it pertains to the legal organization of the
applicant.

(4)  A certified statement of the applicant's
financial situation, including a balance sheet and income
statements, for the 3 most recent fiscal years. If the
applicant's fiscal year ended more than 90 days prior to the date
of filing, there shall also be included an income statement,
which need not be certified, covering the period between the date

- 1887 -