410-1-2-.13

410-1-2-.13. Firm Commitment Or Obligation

Last amended: 1991Length: 87 wordsOfficial source

Cite as Ala. Admin. Code r. 410-1-2-.13

(1) Such terms shall mean and include: (a) Any executed, enforceable, unconditional written agreement or contract not subject to unilateral cancellation for the acquisition or construction of a health care facility or purchase of equipment therefor; (b) Actual construction of facilities peculiarly adapted to the furnishing of one or more particular services and with the bona fide intention of furnishing such service or services; and (c) Any executed, unconditional written agreement not subject to unilateral cancellation for the bona fide purpose of furnishing one or more services.
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