10 CRR-NY 87.5NY-CRR
10 CRR-NY 87.5
10 CRR-NY 87.5
87.5 Development period records and reports.
(a) A nursing home company shall establish and maintain a uniform system of accounts during the development period as required by the accounting manual of the State Department of Health.
(b) The following reports during the development period after mortgage closing shall be submitted promptly to the State Department of Health:
(1) Quarterly reports commencing with the date of inception to and including the last day of March, June, September, and December.
(2) Each report for the period ending December 31 shall contain the opinion and certificate of an independent licensed or certified public accountant.
(3) The project shall file quarterly reports until the declaration of the final financial occupancy date by the State Commissioner of Health. The final development period report shall contain the opinion and certificate of an independent licensed or certified public accountant.
(c) All reports to the State Department of Health required by this Part shall be submitted within 60 days following the end of the reporting period or as otherwise specified by the State Department of Health.
(d) A nursing home company shall submit promptly such special reports as may from time to time be required by the State Department of Health.
10 CRR-NY 87.5
Current through September 15, 2021
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.