[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: 42CFR505.19]



[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.  505.19  Approval or denial of loan forgiveness.



    (a) Approval of loan forgiveness. If CMS determines that a 

qualifying hospital has met the conditions, plan criteria, and reporting 

requirements for loan forgiveness specified in Sec.  505.13, Sec.  

505.15, and Sec.  505.17, CMS will send a written notification of 

approval for loan forgiveness to the qualifying hospital by the earlier 

of--

    (1) 30 days from the date of receipt of the annual report that shows 

the qualifying hospital has satisfied the requirements for loan 

forgiveness; or

    (2) 90 days before the end of the loan deferment period defined in 

Sec.  505.7(b).

    (b) Denial of loan forgiveness. If CMS determines that a qualifying 

hospital has not met the conditions, plan criteria, or reporting 

requirements for loan forgiveness specified in Sec.  505.13, Sec.  

505.15, or Sec.  505.17 of this part, CMS will send a written 

notification of denial of loan forgiveness to the qualifying hospital at 

least 30 days before the end of the loan deferment period defined in 

Sec.  505.7(b).



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