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2007 Laws of Maryland
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Ch.3
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(8) A STATEMENT OF ANY AFFILIATION OF THE PROVIDER WITH A
RELIGIOUS, CHARITABLE, OR OTHER NONPROFIT ORGANIZATION, AND THE EXTENT
OF THE ORGANIZATION'S RESPONSIBILITY FOR THE FINANCIAL AND CONTRACTUAL
OBLIGATIONS OF THE PROVIDER;
(9) IF THE FACILITY WILL BE MANAGED ON A DAY-TO-DAY BASIS BY A
PERSON OTHER THAN AN INDIVIDUAL WHO IS DIRECTLY EMPLOYED BY THE
PROVIDER THE NAME OF THE PROPOSED MANAGER OR MANAGEMENT COMPANY
AND A DESCRIPTION OF THE BUSINESS EXPERIENCE OF THE MANAGER OR COMPANY
IN OPERATING OR MANAGING SIMILAR FACILITIES;
(10) A COPY OF THE MOST RECENT CERTIFIED FINANCIAL STATEMENT
OBTAINABLE UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES;
(11) A DESCRIPTION OF THE LONG-TERM FINANCING FOR THE FACILITY;
(12) A CASH FLOW FORECAST FOR THE CURRENT AND THE NEXT TWO
FISCAL YEARS;
(13) A DESCRIPTION OF ANY ACTIVITY RELATED TO A RENOVATION,
EXPANSION, OR NEW DEVELOPMENT DURING THE PRECEDING FISCAL YEAR OR
PROPOSED FOR THE CURRENT FISCAL YEAR;
(14) A DESCRIPTION OF:
(I) THE STEPS THAT HAVE BEEN OR WILL BE TAKEN TO COMPLY
WITH THE OPERATING RESERVE REQUIREMENTS UNDER § 10-420(B) OF THIS
SUBTITLE; AND
(II) THE PROVIDER'S INVESTMENT POLICY RELATED TO THE
REQUIRED RESERVES, INCLUDING HOW OFTEN AND BY WHOM THE RESERVE FUND
INVESTMENT IS REVIEWED;
(15) A DESCRIPTION OF THE FINANCIAL ARRANGEMENTS THAT THE
PROVIDER HAS MADE, IF ANY, TO ADDRESS THE RENEWAL AND REPLACEMENT OF
THE BUILDINGS AND IMPROVEMENTS AT THE FACILITY, SUCH AS THE
ESTABLISHMENT OF A RENEWAL AND REPLACEMENT FUND;
(16) IF THE FACILITY HAS NOT REACHED 85% OCCUPANCY OF ITS
INDEPENDENT LIVING UNITS, A SUMMARY OF THE FEASIBILITY STUDY;
(17) IF APPLICABLE, A DESCRIPTION OF THE CONDITIONS UNDER WHICH
THE PROVIDER MAY BE ISSUED AN INITIAL CERTIFICATE OF REGISTRATION AND
MAY USE ESCROWED DEPOSITS;
(18) A DESCRIPTION OF ALL BASIC FEES, INCLUDING ENTRANCE FEES,
FEES FOR HEALTH RELATED SERVICES, AND PERIODIC FEES THAT THE PROVIDER
COLLECTS FROM SUBSCRIBERS, AND THE AMOUNT AND FREQUENCY OF ANY FEE
CHANGES DURING THE PREVIOUS 5 YEARS OR IF THE FACILITY HAS BEEN IN
OPERATION LESS THAN 5 YEARS, FOR EACH YEAR OF OPERATION;
(19) A SUMMARY OF THE BASIC SERVICES PROVIDED OR PROPOSED TO BE
PROVIDED AT THE FACILITY UNDER THE CONTINUING CARE AGREEMENT,
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- 452 -
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