801 Mass. Reg. 56.13

Current through Register 1524, June 21, 2024
Section 56.13 - Payments to Replenish the Fund
(1) To assure the continued operation and solvency of the Agency for carrying out the public purposes of the St.1968, c. 614, §10, as amended by St. 2011, c. 9, § 21, the executive director of the Agency shall annually, on or before December 1st, make and deliver to the A&F Secretary a certificate stating the amount of funds required to restore a Community Hospital and Community Health Center Capital Reserve Fund to an amount equal to the maximum amount of principal and interest maturing or becoming due in any succeeding calendar year on the outstanding moral obligation bonds which are secured by any such fund.
(2) Upon receipt of a certificate under 801 CMR 56.13(1), the A&F Secretary shall take all necessary steps to seek an appropriation equal to the amount indicated by the certificate, and upon approval of this appropriation, shall pay the amount so approved to the agency for deposit to the Fund.

801 CMR 56.13

Adopted by Mass Register Issue 1263, eff. 6/20/2014.