[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: 42CFR505.17]



[Page 1115]

 

                         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 B_Forgiveness of Indebtedness

 

Sec.  505.17  Reporting requirements for meeting the conditions for loan



forgiveness.



    (a) Annual reporting requirements. On an annual basis, beginning one 

year from the date that CMS notified the qualifying hospital of the loan 

award, the qualifying hospital must submit a report to CMS that updates 

the plan specified in Sec.  505.15 by--

    (1) Describing the qualifying hospital's progress in meeting its 

initial plan goals;

    (2) Describing any changes to the qualifying hospital's initial plan 

goals; and

    (3) Including at least one measure used to track the qualifying 

hospital's progress in meeting its plan goals.

    (b) Review of annual reports. CMS will review each qualifying 

hospital's annual report to provide the hospital with feedback regarding 

its loan forgiveness status. If CMS determines that the annual report 

shows that the qualifying hospital has fulfilled the conditions, plan 

criteria, and reporting requirements for loan forgiveness specified in 

Sec. Sec.  505.13, 505.15, and Sec.  505.17, CMS will notify the 

qualifying hospital in writing that the loan is forgiven.

    (c) Final annual reporting requirements. A qualifying hospital must 

submit its final report to CMS at least 6 months before the end of the 

loan deferment period specified in Sec.  505.7(b).