N.J. Admin. Code § 8:96-7.3

Current through Register Vol. 56, No. 21, November 4, 2024

Section 8:96-7.3 - Disclosure of sale, lease, or sale-leaseback agreement

(a) A hospital shall disclose a sale, lease, or sale-leaseback agreement as described at N.J.A.C. 8:96-7.1(a) that is executed for the land and/or building at which the hospital is located at the next annual public meeting the hospital holds pursuant to N.J.A.C. 8:96-3.1.

1. A written disclosure required pursuant to (a) above shall be made available to attendees that identifies the parties involved and the length of any lease agreements.

2. The hospital is encouraged, but not required, to disclose the financial terms of the sale, lease, or sale-leaseback agreement, to the extent practicable.

N.J. Admin. Code § 8:96-7.3

Adopted by 55 N.J.R. 2335(b), effective 11/20/2023