Code of Massachusetts Regulations
801 CMR - EXECUTIVE OFFICE FOR ADMINISTRATION AND FINANCE
Title 801 CMR 56.00 - Nonprofit Community Hospitals And Nonprofit Community Health Centers Moral Obligation Bond Financing
Section 56.06 - Evaluation of Preliminary Project Proposal
Current through Register 1531, September 27, 2024
The evaluation of a preliminary project proposal shall occur under the evaluation process outlined as follows:
(1) Within 30 days after receipt of the preliminary project proposal, the HHS Secretary or the HHS Secretary's designee shall review the preliminary proposal. If the borrower fails to submit full information required under 801 CMR 56.05 or should the HHS Secretary determine that additional or clarifying information is needed from the borrower, the HHS Secretary shall afford the borrower 30 days to submit such additional or clarifying information. Once all information has been submitted by the borrower, the HHS Secretary or the HHS Secretary's designee shall proceed to a final evaluation of the preliminary project proposal.
(2) Within 30 days after commencing the final evaluation of the preliminary project proposal, the HHS Secretary shall inform the borrower of the outcome of the final evaluation. The HHS Secretary shall inform the borrower in writing of the approval or rejection. In the case of a rejection, the HHS Secretary shall notify the borrower of the reasons for the rejection. The HHS Secretary shall notify the Agency and the A&F Secretary of the rejection or approval of the preliminary project proposal.