2005 Maine Code - §102 — Capital investment fund (CONTAINS TEXT WITH VARYING EFFECTIVE DATES)

      1. Purpose. The capital investment fund is a limit for resources allocated annually under the certificate of need program described in Title 22, chapter 103-A.[2003, c. 469, Pt. B, §1 (new).]
      2. Process; criteria. The process for determining the capital investment fund amount must be set forth in rules and may include the formation of an ad hoc expert panel to advise the Governor. The process must include the division of the total capital investment fund amount into nonhospital and hospital components, must establish large and small capital investment fund amounts within each component and must be based on 3rd-year capital and operating expenses of projects under the certificate of need program. The process must take into account the following:
   
A. The plan; [2003, c. 469, Pt. B, §1 (new).]    
B. The opportunity for improved operational efficiencies in the State's health care system; [2003, c. 469, Pt. B, §1 (new).]    
C. The average age of the infrastructure of the State's health care system; and [2003, c. 469, Pt. B, §1 (new).]    
D. Technological developments and the dissemination of technology in health care. [2003, c. 469, Pt. B, §1 (new).] [2003, c. 469, Pt. B, §1 (new).]
      3. (TEXT EFFECTIVE UNTIL 7/1/08) Nonhospital capital expenditures. For the first 6 years of the plan, the nonhospital component of the capital investment fund must be at least 12.5% of the total.

This subsection is repealed July 1, 2008.
[2005, c. 227, §1 (amd).]
      3. (TEXT REPEALED 7/1/08) Nonhospital capital expenditures.[2005, c. 227, §1 (amd); T. 2, §102, sub-§3 (rp).]

Section History:

PL 2003,  Ch. 469,   §B1 (NEW).
PL 2005,  Ch. 227,   §1 (AMD).