§1813-B.__Debt recognition of multi-facility operator

voluntary bed license termination

Upon agreement by a multi-facility operator to close one or more nursing facilities, the total outstanding debt at the time of closure, including the amount of any unpaid mortgage debt and any deficiency in working capital, must be allocated to remaining nursing facilities located within that multi-facility operator's system in proportion to the total remaining nursing facility and assisted living beds licensed to each remaining facility.__The allocated share of outstanding mortgage debt assumed by each remaining nursing facility must be amortized over the remaining term of unpaid mortgage debt or such other period as may be required by the lender.__The allocated share of any working capital deficiency incurred by the remaining nursing facilities must be amortized over a one-year period.

Sec. 6. 22 MRSA §2053, sub-§6, ķA, as amended by PL 1995, c. 179, §3, is further amended to read:

A. In the case of a participating health care facility or a participating community health or social service facility, the acquisition, construction, improvement, reconstruction or equipping of, or construction of an addition or additions to, a structure designed for use as a health care facility, community health or social service facility, congregate housing facility, laboratory, laundry, nurses or interns residence or other multi- unit housing facility for staff, employees, patients or relatives of patients admitted for treatment in the health care facility, community health or social service facility, doctors office building, administration building, research facility, maintenance, storage or utility facility or other structures or facilities related to any of the foregoing or required or useful for the operation of the project, or the refinancing of existing indebtedness in connection with any of the foregoing, including parking and other facilities or structures essential or convenient for the orderly conduct of the health care facility or community health or social service facility. "Project" also includes all real and personal property, lands, improvements, driveways, roads, approaches, pedestrian access roads, rights-of- way, utilities, easements and other interests in land, parking lots, machinery and equipment, and all other appurtenances and facilities either on, above or under the ground that are