# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 3. Maryland Health and Higher Educational Facilities Authority

#### Section 10-343

(a) There is a Maryland Hospital Bond Program in the Authority.

(b) For public obligations issued on behalf of a hospital before October 1, 2008, the Program shall provide for the payment and refinancing of public obligations of a hospital, if:

  (1)

    (i) the closure of the hospital is in accordance with Sec. 19-120(l) of the Health - General Article; or

    (ii) the delicensure of the hospital is in accordance with Sec. 19-325 of the Health - General Article;

  (2) a public obligation issued on behalf of the hospital is outstanding; and

  (3) the hospital plan for closure or delicensure and the related financing plan is acceptable to:

    (i) the Secretary of Health, in consultation with the Maryland Health Care Commission; and

    (ii) the Authority.

(c) For public obligations issued on behalf of a hospital on or after October 1, 2008, the Program shall provide for the payment and refinancing of public obligations of a hospital, if:

  (1)

    (i) the closure of the hospital is in accordance with Sec. 19-120(l) of the Health - General Article; or

    (ii) the delicensure of the hospital is in accordance with Sec. 19-325 of the Health - General Article;

  (2) a public obligation issued on behalf of the hospital is outstanding;

  (3) the hospital plan for closure or delicensure and the related financing plan is acceptable to:

    (i) the Secretary of Health, in consultation with the Maryland Health Care Commission; and

    (ii) the Authority; and

  (4) the Health Services Cost Review Commission determines that implementation of the Program is in the public interest, taking into account the amount of system-wide savings to the health care system in the State that might be expected as a result of the closure.

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Md. Code Ann., Econ. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)