§ 10-422. Operating reserves -- Drawing funds from reserves

Latest version.

(a) Notice of withdrawal. -- A provider shall notify the Department in writing immediately on the withdrawal of any amount from the funds available to satisfy the operating reserves required by § 10-420(b) of this subtitle.

(b) Written plan. -- Within 30 days after making a withdrawal described in subsection (a) of this section, the provider shall submit to the Department a written plan for restoring the reserves to the level required by § 10-420(b) of this subtitle.

HISTORY: An. Code 1957, art. 70B, § 11B(f); 2007, ch. 3, § 2.

                    
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