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Section 10-422 - Operating Reserves -- Drawing Funds From Reserves — Maryland Law | CourtGPT
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  8. Section 10-422 - Operating Reserves -- Drawing Funds From Reserves
Maryland Legal Code

Section 10-422 - Operating Reserves -- Drawing Funds From Reserves

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(a) A provider shall notify the Department in writing immediately on the withdrawal of any amount from the funds available to satisfy the operating reserves required by § 10–420(b) of this subtitle. (b) Within 30 days after making a withdrawal described in subsection (a) of this section, the provider shall submit to the Department a written plan for restoring the reserves to the level required by § 10–420(b) of this subtitle.