Ch. 346                                    1996 LAWS OF MARYLAND

REQUIREMENTS AS DESCRIBED IN § 11B OF THIS SUBTITLE, AND A GENERAL
STATEMENT REGARDING THE PROVIDER'S INVESTMENT POLICY RELATED TO THE
REQUIRED RESERVES, INCLUDING HOW OFTEN THE RESERVE FUND INVESTMENT IS
REVIEWED AND BY WHOM;

(6)     A COPY OF THE MOST RECENT CERTIFIED FINANCIAL STATEMENT
OBTAINABLE UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES;

(7)     A DESCRIPTION OF THE LONG-TERM FINANCING FOR THE FACILITY;

(8)     IF THE FACILITY HAS NOT REACHED 85% OCCUPANCY OF
INDEPENDENT LIVING UNITS, A SUMMARY OF THE FEASIBILITY STUDY;

(9)     A CASH FLOW FORECAST STATEMENT FOR THE CURRENT AND THE
NEXT 2 FISCAL YEARS;

(10)    THE NAMES AND OCCUPATIONS OF THE OFFICERS, DIRECTORS,
TRUSTEES, MANAGING OR GENERAL PARTNERS, AND ANY OTHER PERSONS WITH A
10% OR GREATER EQUITY OR BENEFICIAL INTEREST IN THE PROVIDER, AND A
DESCRIPTION OF THE FINANCIAL INTEREST IN OR OCCUPATION WITH THE
PROVIDER;

(11)    THE NAME AND ADDRESS OF ANY PROFESSIONAL SERVICE FIRM,
ASSOCIATION, TRUST, PARTNERSHIP, COMPANY, OR CORPORATION IN WHICH A.
PERSON IDENTIFIED IN ITEM (10) OF THIS SUBSECTION HAS A 10% OR GREATER
FINANCIAL INTEREST AND WHICH IS ANTICIPATED TO PROVIDE GOODS, PREMISES,
OR SERVICES TO THE FACILITY OR PROVIDER OF A VALUE OF $10,000 OR MORE
WITHIN ANY FISCAL YEAR, INCLUDING A DESCRIPTION OF THE GOODS, PREMISES,
OR SERVICES AND THEIR ANTICIPATED COST TO THE FACILITY OR PROVIDER.
HOWEVER, THE DISCLOSURE OF SALARY, WAGE, OR BENEFIT INFORMATION OF
EMPLOYEES OF THE PROVIDER IS NOT REQUIRED;

(12)    THE NAME OF THE PROPOSED MANAGER OR MANAGEMENT
COMPANY IF THE FACILITY IS OR WILL BE MANAGED ON A DAY-TO-DAY BASIS BY A
PERSON OTHER THAN AN INDIVIDUAL DIRECTLY EMPLOYED BY THE PROVIDER,
AND A DESCRIPTION OF THE BUSINESS EXPERIENCE IF ANY, OF THE MANAGER OR
COMPANY IN THE OPERATION OR MANAGEMENT OF SIMILAR FACILITIES;

(13)    A DESCRIPTION OF ANY MATTER IN WHICH AN INDIVIDUAL
IDENTIFIED IN ITEM (10) OF THIS SUBSECTION:

(I) HAS BEEN CONVICTED OF A FELONY OR PLEADED NOLO
CONTENDERE TO A FELONY CHARGE, IF THE FELONY INVOLVED FRAUD,
EMBEZZLEMENT, FRAUDULENT CONVERSION, OR MISAPPROPRIATION OF
PROPERTY;

(II) HAS BEEN HELD LIABLE OR ENJOINED IN A CIVIL ACTION BY
FINAL JUDGMENT IF THE CIVIL ACTION INVOLVED FRAUD, EMBEZZLEMENT,
FRAUDULENT CONVERSION, OR MISAPPROPRIATION AS A FIDUCIARY; OR

(III) HAS BEEN SUBJECT TO AN EFFECTIVE INJUNCTIVE OR
RESTRICTIVE ORDER OF A COURT OF RECORD OR, WITHIN THE PAST 10 YEARS, HAD

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