Maryland Code § EC-10-346

Section EC-10-346
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(a) (1) A hospital that intends to close or is scheduled to be delicensed
shall provide the Authority and the Health Services Cost Review Commission with a
written statement of any outstanding public obligations issued on its behalf.
(2) The statement shall include:
(i) the name of each issuer of the public obligation;
(ii) the outstanding principal amount of each public obligation;
(iii) the due dates for payment or any mandatory redemption
or purchase of each public obligation;
(iv) the due dates for the payment of interest on each public
obligation and the interest rates; and
(v) the documents and information about the public obligation
that the Authority or the Health Services Cost Review Commission requests.
(b) (1) A hospital with public obligations issued on or after October 1,
2008, that intends to close or is scheduled to be delicensed, shall provide to the
Secretary of Health a closure plan that is acceptable to the Secretary, in consultation
with the Maryland Health Care Commission.
(2) The closure plan required under this subsection shall include the
plan of the hospital for the provision of care to its patients and to the population in
its service area.
(c) The hospital shall file the items required under subsections (a) and (b)
of this section:

(1) within 10 days after the date of filing the written notice of intent
to close under § 19-120(l) of the Health - General Article with the Maryland Health
Care Commission; or
(2) at least 150 days before the scheduled date of delicensure under
§ 19-325 of the Health - General Article.

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