Section 87.36 - Operational period

87.36 Operational period.

(a) The operational period shall commence on the financial occupancy date declared by the State Commissioner of Health and end on final repayment and satisfaction of the mortgage loan.

(b) A hospital shall be operated in accordance with the requirements of the State Hospital Code and the administrative rules and regulations of the State Commissioner of Health.

(c) The following reports for the operational period from the financial occupancy date to discharge of the mortgage lien shall be submitted promptly as required by the regulatory agreement:

(1) Quarterly reports during each calendar or fiscal year commencing with the final financial occupancy date to and including the last day of March, June, September and December.

(2) An annual report for the period ending December 31, or the fiscal year ending date if different, which shall contain the opinion and certificate of an independent licensed or certified public accountant.

(d) Quarterly reports to the State Department of Health required by this Part shall be submitted within 60 days following the end of the reporting period and annual reports required by this Part shall be submitted within 90 days following the end of the reporting period, or as otherwise specified by the regulatory agreement.

(e) All hospital records, reports and schedules required during the development period shall be maintained or submitted as the case may be, during the operational period.
 

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