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Session Laws, 2007
Volume 803, Page 500   View pdf image
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2007 Laws of Maryland
Ch.3
10-468. FINANCIAL PLAN. (A) SUBMISSION OF 5-YEAR PLAN. (1) A PROVIDER NOTIFIED OF FINANCIAL DIFFICULTY BY THE
DEPARTMENT SHALL PREPARE AND SUBMIT TO THE DEPARTMENT FOR ITS
APPROVAL A 5-YEAR FINANCIAL PLAN TO CORRECT THE CAUSES OF THE FINANCIAL
DIFFICULTY. (2) THE FINANCIAL PLAN SHALL BE SUBMITTED WITHIN 60 DAYS AFTER
RECEIPT OF NOTIFICATION. (3) THE PROVIDER MAY REQUEST ONE 30-DAY EXTENSION FROM THE
SECRETARY. (4) THE SECRETARY MAY GRANT OR DENY THE EXTENSION. (B) RESPONSE BY DEPARTMENT. (1) THE DEPARTMENT SHALL RESPOND TO THE PROVIDER WITHIN 60
DAYS AFTER RECEIPT OF THE PROPOSED FINANCIAL PLAN. (2) THE DEPARTMENT MAY: (I) WORK WITH THE PROVIDER TO ESTABLISH THE FINANCIAL PLAN; AND (II) CONSULT WITH THE COMMITTEE BEFORE APPROVING THE
FINANCIAL PLAN. (C) IMPLEMENTATION OF PLAN. (1) ON APPROVAL, THE FINANCIAL PLAN SHALL BE IMPLEMENTED. (2) THE PROVIDER SHALL MAKE AVAILABLE TO ITS SUBSCRIBERS
COPIES OF ITS APPROVED FINANCIAL PLAN. (D) PROGRESS REPORTS; REVISION OF PLAN.
THE PROVIDER SHALL: (1) SUBMIT TO THE DEPARTMENT AN ANNUAL PROGRESS REPORT FOR
THE TERM OF ITS FINANCIAL PLAN; AND (2) REVISE ITS FINANCIAL PLAN IF THE DEPARTMENT DETERMINES
THAT REVISIONS ARE NECESSARY. (E) FAILURE TO PREPARE OR IMPLEMENT PLAN. THE DEPARTMENT MAY WITHHOLD THE RENEWAL CERTIFICATE OF
REGISTRATION OR WITHDRAW A PRELIMINARY, INITIAL, OR RENEWAL CERTIFICATE
OF REGISTRATION IF: (1) THE PROVIDER DOES NOT PREPARE A FINANCIAL PLAN;
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Session Laws, 2007
Volume 803, Page 500   View pdf image
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