Procedural Requirements

COL120106 CH. 68 HOSPITAL FACILITIES FINANCE ACT In addition to hospital facilities initiated by the Board, any public or nonprofit agency may submit to the Board, and the Board may consider a proposal using such forms and following such instructions as may be prescribed by the Board for financing hospital facilities. Such proposal shall set forth the type and location of the hospital facilities and may include other information and data available to the public or nonprofit agency respecting the hospital facilities and the extent to which such hospital facilities conform to the criteria and requirements set forth in this Chapter. The Board may request the proposed lessee to provide additional information and data respecting the hospital facilities. The Board is authorized to make or cause to be made such investigations, surveys, studies, reports and reviews as in its judgment are necessary and desirable to determine the feasibility and desirability of the hospital facilities, the extent to which the hospital facilities will contribute to the health and welfare of the area in which they will be located, the powers, experience, background, financial condition, record of service and capability of the management of the proposed lessee, the extent to which the hospital facilities otherwise conform to the criteria and requirements of this Chapter, and such other factors as may be deemed relevant or convenient in carrying out the purposes of this Chapter.