10-144 C.M.R. ch. 503, § 11-2 - Maximum expenditure
In issuing a Certificate of Need, the Department shall specify the maximum capital expenditures that may be obligated under this certificate. The Department shall adopt rules regarding the determination of capital expenditure maximums, procedures to monitor capital expenditures obligated under certificates and procedures to review projects for which the capital expenditure maximum is exceeded or expected to be exceeded. 22 M.R.S.A. Sec.346(2).
The allowable maximum capital expenditure for any project involving a capital expenditure shall be the amount approved by the Department, plus 5%. The amount shall not exceed $1,000,000 unless approved by the Department.
Notes
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