Md. Code, Health-Gen. § 19-215

Current with changes from the 2024 legislative session from Chs. 2 through 1049, effective on or before 6/1/2024
Section 19-215 - Uniform accounting and financial reporting system
(a)
(1) After public hearings and consultation with any appropriate advisory committee, the Commission shall adopt, by rule or regulation, a uniform accounting and financial reporting system that:
(i) Includes any cost allocation method that the Commission determines; and
(ii) Requires each facility to record its income, revenues, assets, expenses, outlays, liabilities, and units of service.
(2) Each facility shall adopt the uniform accounting and financial reporting system.
(b) In conformity with this subtitle, the Commission may allow and provide for modifications in the uniform accounting and financial reporting system to reflect correctly any differences among facilities in their type, size, financial structure, or scope or type of service.

Md. Code, HG § 19-215