Volume 799, Page 1189 View pdf image |
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ROBERT L. EHRLICH, JR., Governor Ch. 84 Section 7(f-l) and 11F Annotated Code of Maryland (1998 Replacement Volume and 2002 Supplement) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF Article 70B - Department of Aging 7. (F-1) "CONVERSION" MEANS THE PROCESS OF TAKING A FACILITY THAT (1) THE RESIDENTIAL ACCOMMODATIONS EXIST BEFORE A STATEMENT (2) AT LEAST 60% OF THE AVAILABLE RESIDENTIAL ACCOMMODATIONS 10. (a) All [providers] PERSONS who intend to [develop a facility] SUBMIT A (b) A provider may not collect deposits for continuing care or begin (1) A statement of the purpose for the proposed construction OR (2) Documentation of the financial resources of the provider; (3) A statement of the capital expenditures necessary to accomplish the (4) A plan demonstrating the financial feasibility of the proposed project (5) A study that demonstrates the market for the project; (6) An actuarial forecast reviewed by a qualified actuary; (7) A statement of the planned fee structure, including any proposed (8) A description of the facility that is proposed to be used or is being - 1189 -
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Volume 799, Page 1189 View pdf image |
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