§ 19-217. Notification of financial transactions
West's Annotated Code of MarylandHealth--GeneralEffective: July 1, 2014
Effective: July 1, 2014
MD Code, Health - General, § 19-217
§ 19-217. Notification of financial transactions
(a) Except as provided in subsection (c) of this section, a facility shall notify the Commission at least 30 days prior to executing any financial transaction, contract, or other agreement that would:
(b) Except as provided in subsection (c) of this section, the Commission shall publish a notice of the proposed financial transaction, contract, or other agreement reported by a facility in accordance with subsection (a) of this section in a newspaper of general circulation in the area where the facility is located.
(c) The provisions of this section do not apply to any financial transaction, contract, or other agreement made by a facility with any issuer of tax-exempt bonds, including the Maryland Health and Higher Education Facilities Authority, the State, or any county or municipal corporation of the State, if a notice of the proposed issuance of revenue bonds that meets the requirements of § 147(f) of the Internal Revenue Code has been published.
Credits
Added as Health-General § 19-212.1 by Acts 1991, c. 555, § 1, eff. July 1, 1991. Renumbered as Health-General § 19-217 and amended by Acts 1999, c. 702, § 2, eff. Oct. 1, 1999. Amended by Acts 2014, c. 263, § 1, eff. July 1, 2014.
MD Code, Health - General, § 19-217, MD HEALTH GEN § 19-217
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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