Regulation .04 Statement of Intent to Apply for a Preliminary Certificate.
Regulation .04 Statement of Intent to Apply for a Preliminary Certificate.LinkCopy Citation
A.
Statement of Intent. An entity that intends to offer continuing care at home agreements shall file a statement of intent with the Department at least 30 days before submission of a feasibility study. If a feasibility study is not filed by the provider within 60 days after the statement of intent is filed, a new statement of intent shall be filed with the Department at least 30 days before submission of a feasibility study.
B.
Contents. A statement of intent shall contain, at a minimum, the following information:
(1)
The name of the provider;
(2)
Whether entrance fees will be refundable or nonrefundable;
(3)
The types of agreements proposed to generate the required contract reserves;
(4)
Whether the provider is proposed to be for-profit or nonprofit;
(5)
The name of the management company, if any, that will manage the day-to-day operations;
(6)
If applicable, the name of the:
(a)
Person proposing to create or finance the provider,
(b)
Marketing consultant,
(c)
Provider's attorney, and
(d)
Preparer of the feasibility study, along with the preparer's qualifications;
(7)
A statement indicating whether any proposed comprehensive care beds will need a new certificate of need from MHCC;
(8)
Whether the provider plans to build a facility; and
(9)
Any further information the Department requires.