(a) The General Assembly finds that the failure to provide for the payment of public obligations of a closed or delicensed hospital could seriously impair the ability of health care facilities and State and local governments to secure subsequent financing through the issuance of tax-exempt bonds.
(b) The purpose of this part is to preserve the access of health care facilities in the State to adequate financing through a program that facilitates the refinancing and payment of public obligations of a closed or delicensed hospital.
(c) It is the intent of this part that the Health Services Cost Review Commission, the Maryland Health Care Commission, and the Authority shall consult with and consider each others’ recommendations in making the determinations required under this part.
Structure Maryland Statutes
Division II - Independent and Regional Development Units and Resources
Title 10 - Statewide Development Resources and Revenue Authorities
Subtitle 3 - Maryland Health and Higher Educational Facilities Authority
Part IV - Maryland Hospital Bond Program
Section 10-341 - Scope of Part
Section 10-342 - Legislative Finding; Purpose; Intent
Section 10-343 - Maryland Hospital Bond Program
Section 10-344 - Notices of Closure and Delicensure
Section 10-345 - Additional Required Information
Section 10-346 - Statement of Outstanding Obligations; Closure Plan
Section 10-347 - Closure Costs -- Conditions for Payment
Section 10-348 - Payment Schedule; Plan
Section 10-349 - Bond Issuance
Section 10-351 - Reduction in Amounts Qualifying for Payment Under Program
Section 10-352 - Determination by Authority Conclusive and Binding