(II) THE COST OF PROCURING THE APPRAISER OR CONSULTANT
EMPLOYED SHALL BE PAID BY THE CLOSED, DELICENSED. OR CONVERTED
HOSPITAL.

(2) (4) The Authority may proceed against THE CLOSED, DELICENSED,
OR CONVERTED HOSPITAL OR any guaranty or other collateral securing the payment
of public body obligations of a [closed or delicensed] CLOSED, DELICENSED, OR
CONVERTED hospital which was provided by any entity associated with the hospital if
such action is determined by the Authority to be:

(i) Necessary to protect the interests of the holders of the public
body obligations; or

(ii) Consistent with the public purpose of encouraging and assisting
the hospital to [close.] CLOSE OR CONVERT.

(3) (5) In making the determination required under paragraph (2) of
this subsection, the Authority shall consider:

(i) The circumstances under which the guaranty or other collateral
was provided; and

(ii) The recommendations of the Health Services Cost Review
Commission and the Health Resources Planning Commission.

(4) (6) Any amount realized by the Authority or any assignee of the
Authority in the enforcement of any claim against THE CLOSED, DELICENSED, OR
CONVERTED HOSPITAL OR a hospital for which a plan has been developed in
accordance with subsection [(h)] (I) of this section shall be applied to offset the
amount of the fee required to be assessed by the Health Services Cost Review
Commission pursuant to subsection [(j)] (K) of this section. The costs and expenses of
enforcing the claim, including any costs for maintaining the property prior to its
disposition, shall be deducted from this amount.

[(1)] (M) It is the purpose and intent of this, section that the Health Services
Cost Review Commission, the Health Resources Planning Commission, and the
Authority consult with each other and take into account each others'
recommendations in making the determinations required to be made under this
section.

[(m)] (N) Notwithstanding any other provision of this section, in any suit,
action or proceeding involving the validity or enforceability of any bond or note or any
security for a bond or note, the determinations of the Authority under this section
shall be conclusive and binding.

[(n)] (O) The Health Services Cost Review Commission, the Health Resources
Planning Commission, or the Authority may waive any notice required to be given to
it under this section.

SECTION 2. AND BE IT FURTHER ENACTED, That the Maryland Institute
for Emergency Medical Services System shall develop standard procedures in