12 Va. Admin. Code § 5-220-110
Current through Register Vol. 40, No. 22, June 17, 2024
Section 12VAC5-220-110 - Requirements for registration of certain capital expendituresA. At least 30 days before any person contracts to make or is otherwise legally obligated to make a capital expenditure by or on behalf of a medical care facility as defined in this chapter that has not been previously authorized by the commissioner, such expenditure shall be registered in writing with the commissioner. The threshold amount for capital expenditure project registration shall be determined using the formula contained in subsection B of this section.B. The threshold contained in subsection A of this section shall be adjusted annually using the percentage increase listed in the Consumer Price Index for All Urban Consumers (CPI-U) for the most recent year as follows: A x (1 + B)
where:
A = the capital expenditure threshold amount for the previous year
and
B = the percent increase for the expense category "Medical Care" listed in the most recent year available of the CPI-U of the U.S. Bureau of Labor Statistics.
C. The application requesting registration shall include information concerning the purpose of such expenditure , the projected impact that the expenditure will have upon the charges for services, and the fee prescribed by subsection C of 12VAC5-220-95. For purposes of registration, the owner shall include any person making the affected capital expenditure. See definition of "project."D. Annually, the department shall (i) publish the threshold amount in the General Notices section of the Virginia Register of Regulations and (ii) post the threshold amount on its website.12 Va. Admin. Code § 5-220-110
Amended, Virginia Register Volume 30, Issue 8, eff. February 3, 2014; Derived from VR355-30-000 §3.2, eff. June 30, 1993; amended, Virginia Register Volume 10, Issue 17, eff. June 15, 1994; Volume 13, Issue 7, eff. January 24, 1997; Volume 24, Issue 11, eff. March 5, 2008; Volume 25, Issue 1, eff. October 15, 2008; Volume 26, Issue 2, eff. November 1, 2009; Volume 26, Issue 26, eff. September 30, 2010; Volume 27, Issue 24, eff. September 1, 2011; Amended, Virginia Register Volume 38, Issue 19, eff. 6/23/2022.Statutory Authority: §§ 32.1-12 and 32.1-102.2 of the Code of Virginia.