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42 U.S.C. § 291o–1 — Financial statements

submitted 82 years ago by Pub. L. 91-296 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 121 words · no verdicts yet

in plain englishAI-generated · not legal advice

Anyone who got a construction grant, loan, or loan guarantee for a health facility must file a yearly financial statement with the state agency. The statement must show the facility's finances and what it costs and charges for health services.

If a facility received a grant, loan, or loan guarantee under this subchapter, the person who applied for it (or another person the Secretary names) must file a statement with the state agency for that facility's state, at least once a year. The Secretary decides the statement's form and the information it must contain. It must accurately show: (1) the facility's financial operations, and (2) what it costs the facility to provide health services, and what it charges for them, during the period the statement covers.
the actual law source: uscode.house.gov ↗public domain

In the case of any facility for which a grant, loan, or loan guarantee has been made under this subchapter, the applicant for such grant, loan, or loan guarantee (or, if appropriate, such other person as the Secretary may prescribe) shall file at least annually with the State agency for the State in which the facility is located a statement which shall be in such form, and contain such information, as the Secretary may require to accurately show—

(1)

the financial operations of the facility, and

(2)

the costs to the facility of providing health services in the facility and the charges made by the facility for providing such services,

during the period with respect to which the statement is filed.

Source credit: (July 1, 1944, ch. 373, title VI, § 646, as added Pub. L. 91–296, title I, § 121, June 30, 1970, 84 Stat. 343.)

history & why it existsrecord from the source credit
  • 1944Enacted · Pub. L. 91-296 · 84 Stat. 343

A history note hasn’t been published yet. The record shows enactment by Pub. L. 91-296 on 1944-07-01.

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