Maryland § 10-343
Full text of Maryland Maryland Code § 10-343, with citation guidance and answers to common questions.
§ 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 § 19–120(l) of the Health – General Article; or
(ii) the delicensure of the hospital is in accordance with § 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 § 19–120(l) of the Health – General Article; or
(ii) the delicensure of the hospital is in accordance with § 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.
Frequently Asked Questions About Maryland § 10-343
What does Maryland Code § 10-343 cover?
Section 10-343 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 10-343?
A common citation format is "Maryland Code § 10-343" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 10-343 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.