11 NCAC 11H .0107          FINANCIAL STATEMENTS AND COMPILED FIVE YEAR FORECASTS

Certified financial statements, as required by G.S. 58‑64‑20(a)(10), and compiled five year forecasts, as required by G.S. 58‑64‑20(a)(12), shall be of the provider's corporation or other legal entity that owns the Continuing Care facility.  The Commissioner may also require the provider to supply supplementary financial data or other appropriate disclosure under the requirements of G.S. 58‑64‑20(a)(10) and G.S. 58‑64‑20(a)(12) on individual Continuing Care facilities, where a corporation or other legal entity owns various Continuing Care facilities or is engaged in various enterprises.

History Note:        Authority G.S. 58‑2‑40; 58‑64‑20; 58‑64‑65;

Eff. April 1, 1993;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 20, 2015.