2016 Maryland Code
Health - General
Title 19 - Health Care Facilities
Subtitle 3 - Hospitals and Related Institutions
Part VIII - Intermediate Sanction
§ 19-363. Escrow account

MD Health-Gen Code § 19-363 (2016) What's This?

(a) Use of funds. -- The funds in the escrow account shall be used only for the purposes of remedying the hazardous condition.

(b) Amount of account. -- The amount of the escrow account shall be the estimated cost of correcting the hazardous condition or $ 5,000 whichever is greater.

(c) Establishment. -- The escrow account is to be established by the related institution at an authorized financial institution selected by the related institution.

(d) Use of current operating funds. -- Current operating funds may not be used to establish the escrow account.

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