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<section article="gec" article_name="Economic Development" number="10-348" title_number="10" title_name="Statewide Development Resources and Revenue Authorities" subtitle_number="3" subtitle_name="Maryland Health and Higher Educational Facilities Authority">
  <level label="a">
    <text>Within 60 days after receiving the statement required by § 10-346 of this subtitle, the Authority shall prepare a schedule of payments necessary to meet the public obligations of the hospital.</text>
  </level>
  <level label="b">
    <level label="1">
      <text>As soon as practicable after receiving a notice of closure or delicensure, required by § 10-344(a)(1)(i) or (b) of this subtitle, and after consulting with the issuer of each public obligation and the Health Services Cost Review Commission, the Authority shall prepare a proposed plan to finance or otherwise provide for the payment of public obligations.</text>
    </level>
    <level label="2">
      <text>The proposed plan may include a tender, redemption, advance refunding, or other technique that the Authority considers appropriate.</text>
    </level>
  </level>
  <level label="c">
    <text>As soon as practicable after receiving notification that the Health Services Cost Review Commission has determined to provide for the payment of closure costs of a hospital under § 10-347 of this subtitle, the Authority shall prepare a proposed plan to finance or provide for the payment of closure costs stated in the notice.</text>
  </level>
  <level label="d">
    <text>On request of the Health Services Cost Review Commission, the Authority may begin preparing the plan required by this section before the Authority receives notice under § 10-344(a)(1)(i) or (b) of this subtitle.</text>
  </level>
  <level label="e">
    <text>The Authority shall promptly submit the schedule of payments and the proposed plan required by this section to the Health Services Cost Review Commission.</text>
  </level>
</section>
