10A NCAC 13G .0407       Fiscal QUALIFICATIONS

The administrator or corporation must be able to obtain credit or have other verified resources to meet operating costs and provide required services when unexpected situations arise, such as extended resident vacancies and major home repairs.  Verification of ability to obtain credit or the availability of other resources must be documented by the administrator or corporation.

 

History Note:        Authority G.S. 131D‑2.16; 131D-4.5; 143B‑165;

Eff. July 1, 1990.