<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".24" citation="COMAR 32.02.01.24" title_num="32" subtitle_num="02" chapter_num="01" heading="Financial Review Committee.">
  <paragraph num="A.">
    <text>The Financial Review Committee shall review providers' financial matters referred to it by the Department.</text>
  </paragraph>
  <paragraph num="B.">
    <text>The Secretary shall appoint seven members to the Committee from qualified applicants. The seven members shall consist of:</text>
    <paragraph num="(1)">
      <text>Two persons knowledgeable in the field of continuing care;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Two certified public accountants;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>One member of the financial community; and</text>
    </paragraph>
    <paragraph num="(4)">
      <text>Two consumer members, preferably subscribers of continuing care facilities.</text>
    </paragraph>
  </paragraph>
  <paragraph num="C.">
    <text>The term of a member is 3 years. The terms of members are staggered as required by the terms provided for members of the Committee on July 1, 1985. A member may serve consecutive terms.</text>
  </paragraph>
  <paragraph num="D.">
    <text>The Committee shall elect its chairperson.</text>
  </paragraph>
  <paragraph num="E.">
    <text>Committee members do not receive compensation, but are entitled to reimbursement for expenses incurred in the performance of their official duties as provided for in the State budget.</text>
  </paragraph>
  <paragraph num="F.">
    <text>A Committee member, acting in good faith and within the scope of the duties of a Committee member, is immune from civil liability as a result of those acts.</text>
  </paragraph>
  <paragraph num="G.">
    <text>A Committee member may not participate in a review of a continuing care provider's financial condition if that member has an interest in the provider as defined by the Maryland Public Ethics Law, State Government Article, Title 15, Annotated Code of Maryland.</text>
  </paragraph>
  <paragraph num="H.">
    <text>The deliberations of the Committee and communications between the Department and the Committee, including but not limited to recommendations of the Committee, are confidential.</text>
  </paragraph>
</regulation>