[Code of Federal Regulations]

[Title 42, Volume 4]

[Revised as of October 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 42CFR505.1]



[Page 1112]

 

                         TITLE 42--PUBLIC HEALTH

 

  CHAPTER IV--CENTERS FOR MEDICARE & MEDICAID SERVICES, DEPARTMENT OF 

                  HEALTH AND HUMAN SERVICES (CONTINUED)

 

PART 505_ESTABLISHMENT OF THE HEALTH CARE INFRASTRUCTURE IMPROVEMENT 

 

                         Subpart A_Loan Criteria

 

Sec.  505.1  Basis and scope.





    This part implements section 1016 of the Medicare Prescription Drug, 

Improvement and Modernization Act of 2003 (MMA) which amends section 

1897 of the Act. Section 1897 of the Act as amended by section 6045 of 

the Tsunami Relief Act of 2005 authorizes the Secretary to establish a 

loan program by which qualifying hospitals may apply for a loan for the 

capital costs of the health care infrastructure improvement projects. 

Section 1897 of the Act appropriates $142,000,000 for the loan program 

including program administration. The funds are available beginning July 

1, 2004 through September 30, 2008. This part sets forth the criteria 

that CMS uses to select among qualifying hospitals.